Klarna confirms mammoth $1 billion fund raise

Buy now, pay later giant Klarna has confirmed a $1 billion funding round, valuing the Swedish firm at $31 billion. The 4x oversubscribed round included a combination of new and existing investors and makes Klarna the highest-valued private fintech in Europe and the second highest worldwide. The fresh capital injection comes just six month's after Klarna's last $650 million funding round, which gave it a $10.65 billion price tag. The new capital comes as the BNPL sector experiences a worldwid...
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