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The Stockholm based company is currently in talks with investors, aiming to raise $500m as it looks to fuel the expansion of its growing digital payments and online shopping business in the U.S. market, a new report states. The $10b figure represents a near-doubling in the company’s value, with Klarna previously weighing in at $5.5b in August of 2019.
“Despite the shifting retail landscape, consumers are still looking for inspiration, convenience and value — and it’s become obvious that shopping online now goes far beyond just a transaction,” said CEO Sebastian Siemiatkowski in a statement at the time. “The new Klarna app elevates the entire shopping experience from start to finish by bringing together all the best aspects of shopping in one place, giving Klarna users a unique and personalized experience at their fingertips.”
https://www.pymnts.com/news/investment-tracker/2020/klarna-value-hits-10b-with-latest-funding
