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Fintech & Ecommerce

Klarna valued at $10.65B after multimillion funding round?

Sep 15, 2020

Klarna is now the 4th highest private fintech worldwide

Klarna funding

Klarna valued at $10.65B after multimillion funding round. Source: shutterstock.com

Klarna has raised $650 million in an equity funding round. This investment values the company at $10.65 billion ranking Klarna as the European highest-valued private fintech.

The funding will help Klarna further invest in its shopping offering and continue to grow its global presence.

The company will also accelerate its momentum across all markets, especially in the US where it now has over 9 million consumers.

We are at a true inflection point in both retail and finance. The shift to online retail is now truly supercharged and there is a very tangible change in the behavior of consumers who are now actively seeking services which offer convenience, flexibility, and control in how they pay and an overall superior shopping experience. Klarna’s unique proposition, consumer preference, and global retailer network will prove an excellent platform for further growth. The Klarna team is honored to welcome such world-class investors to support our mission to become the world’s favorite way to shop
Sebastian Siemiatkowski, co-founder and CEO of Klarna

We’ve reported that Klarna?has announced?the launch of its newly redesigned app, enhancing the shopping experience for UK users.

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