Finance Breaking news Klarna eyes $10 billion valuation on $500m fundraise last financial news

Breaking-Finance.Com - Swedish buy now, pay later outfit Klarna is looking to raise $500 million in a funding round that would double its valuation to $10 billion, according to a report from Reuters.

Finance Breaking news Klarna eyes $10 billion valuation on $500m fundraise last financial news

Breaking-Finance.Com - Swedish buy now, pay later outfit Klarna is looking to raise $500 million in a funding round that would double its valuation to $10 billion, according to a report from Reuters.

Finance Breaking news Klarna eyes $10 billion valuation on $500m fundraise last financial news
08 September 2020 - 15:30

Breaking-Finance.Com - Swedish buy now, pay later outfit Klarna is looking to raise $500 million in a funding round that would double its valuation to $10 billion, according to a report from Reuters. After a massive $460m fundraise last year, Klarna claims about 85 million customers and 235,000 merchant partners.Earlier this year, Klarna acquired Italian BNPL firm Moneymour and launched a savings account for German consumers using online deposit marketplace Raisin.

. The firm reported a $93 million loss in 2019 (from a $10 million profit the year before) as the scale of its ambitions hit the bottom line.The new cash will go to a renewed effort to break into the United States, where the company reported two million downloads of its app in 2019.Klarna plans to raise just over $500 million from a mix of old and new investors, sources told Reuters, adding that a deal will likely be announced in the coming days.

Source = Breaking-Finance.Com

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Finance Breaking news Klarna eyes $10 billion valuation on $500m fundraise last financial news


Finance Breaking news Klarna eyes $10 billion valuation on $500m fundraise last financial news


Finance Breaking news Klarna eyes $10 billion valuation on $500m fundraise last financial news


Finance Breaking news Klarna eyes $10 billion valuation on $500m fundraise last financial news

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