Klarna closes major financing round

Klarna, one of our portfolio companies and the global leader in the generational shift away from credit cards, announces the closing of a new 800 MUSD financing at a 6.7 BUSD post-money valuation. The financing attracted strong support from both existing and new investors and will primarily be used to expand Klarna’s leading market position in the United States.

Sebastian Siemiatkowski, CEO of Klarna stated, “It’s a testament to the strength of Klarna’s business that, during the steepest drop in global stock markets in over fifty years, investors recognized our strong position and continued progress in revolutionizing the retail banking industry. Now more than ever businesses need a strong consumer base, a superior product, and a sustainable business model.”