By Oliver Smith on Thursday 10 February 2022
Further extending its lead as ‘Europe’s most valuable fintech’.
Europe’s most valuable fintech, Klarna, is reportedly working on a fresh funding round that could see its price tag reach an incredible $60bn.
First reported by Bloomberg, the buy now, pay later giant is said to be courting “sovereign wealth and pension funds as new investors” with preliminary estimates that the valuation could land somewhere between $50-60bn.
As part of this latest round, Bloomberg also reported that Klarna is considering allowing existing backers to sell down some of their holdings, and is exploring additional debt financing from banks to accelerate its expansion plans.