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'Buy now, pay later' giant Klarna has tripled its valuation to $31 billion, making it Europe's most valuable private startup
1 month ago | By Business Insider
Summary List Placement Swedish "buy now, pay later" payments company Klarna has nearly tripled its valuation to $31 billion in less than six months, after it announced on Monday a new $1 billion fundraising round.
The new round, which makes Klarna the most valuable European startup, was oversubscribed four times and included a combination of new and existing investors.
The firm completed a $650 million funding round in September from a group of investors led by Silver Lake that valued it at $11 billion.
Klarna also said it would pledge 1% of the capital raised to a newly created initiative...
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