Klarna said to be raising $1bn at $31bn valuation
Rumours of a big round of new fundraising, which comes just six months after its last $650m, have circulated in recent days for Klarna which is currently under greater scrutiny in the UK.
Klarna will look to raise up $1bn at $31bn, tripling the company’s valuation after its most recent round in September 2020 ($10.6bn).
The buy-now-pay-later company, as reported by Bloomberg, will see the huge cash injection from existing investors, ahead of a rumoured potential public listing next year. The valuation would make Klarna Europe's most valuable fintech, a crown it has held before but was recently surpassed by Checkout.com which raised at a $15bn valuation in January.
A $31bn valuation for Klarna would represent a huge increase in European fintech’s market size with the firm at roughly the same current valuation as Stripe and more than Revolut,Monzo,Starling Bank and N26 combined.
Klarna offered a hint of its product roadmap a few weeks back with the launch of bank accounts in Germany.
The BNPL market in the UK is worth at present about £2.7bn where five million use it.