Klarna Faces Valuation Cut Amid Tough Environment for Late-stage Startups
Europe’s most valuable VC-backed company could reportedly see its valuation fall, as market turmoil for tech companies trickles down into late-stage.
Klarna provides short-term, point-of-sale loans for online and in-store purchases, so shoppers can buy now and pay later.
Klarna is looking to raise $1 billion in fresh funding at a valuation potentially in the low $30 billion range. That would represent a drop of roughly 30% from the $45.6 billion valuation the Swedish fintech company reached last June with its Series H.
