Swedish fintech Klarna is Europe's latest decacorn startup after raising $650 million at a $10.65 billion valuation.
The deal, led by Silver Lake and GIC, makes Klarna the fourth most valuable fintech worldwide and is likely to be its last private funding round before an IPO. A global pandemic doesn't appear to have stemmed the appetite for disruptive companies in financial services from investors, as Swedish startup Klarna becomes Europe's latest decacorn.
The deal is notable for bringing Klarna's valuation above $10 billion, which makes it Europe's most valuable private fintech company and fourth worldwide. This is expected to be the startup's final private funding round before a potential IPO.
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