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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the real reasons behind Mike Corbat's early retirement - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside the life of an Uber driver in NYC during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Chime close to raising new round with valuation as high as $15 billion - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »