Earlier in March 2021, Sweden-based fintech giant Klarna claimed the title of Europe’s top tech unicorn after raising a whopping $1B (approx €830M) in an equity funding round with an aim to accelerate international expansion and further capture global retail growth.
To raise $500M?
In a recent development, the Stockholm-based company is reportedly close to raising a new round of funding from a group of investors including SoftBank. According to Reuters’ sources, this round could see the company’s valuation reach close to $50B. According to Business Insider, Klarna could raise somewhere around $500M, however, the investment is not yet finalised.