In a recent development, Klarna, an eCommerce payment solutions platform for merchants and shoppers, is expected to raise $1 billion (approx £705 million) at a $31 billion (approx £22 billion) valuation. To date, the company has raised $2.1 billion (approx £1.4 billion).
Tripling its valuation
This rumor comes six months after the Swedish fintech company secured $650 million (approx £458 million) in equity funding from investors led by Silver Lake, at a valuation of $10.65 billion (approx £7.5 billion). With the latest round, the company is tripling its valuation.
Funding round ahead of IPO
According to Bloomberg, the existing investors are participating ahead of a potential public listing next year, and the round could be announced in the coming days.
This funding will make Stockholm-headquartered fintech, Europe’s most valuable fintech startup after Checkout.com, which was valued at $15 billion (approx £10.5 billion).
On the other hand, Sebastian Siemiatkowski, Klarna CEO has indicated previously the company would go public in the near future but didn’t give any exact information.
Collaboration with Ingenico
A few days back, Klarna announced a strategic collaboration with Ingenico (part of Worldline, the European leader in the payment and transactional services industry, since late 2020) to make Klarna’s online payment solutions accessible to even more European merchants.
Full article originally seen on UKTN (UK Tech News) Source
