The instalment finance provider, which counts several corporates as investors, almost tripled its valuation to $31bn in the round.
Klarna, the Sweden-based payment technology producer backed by corporates Visa, Ant Group, Bonnier, Commonwealth Bank of Australia (CBA) and Bestseller Group, closed $1bn in financing from unnamed new and existing investors yesterday.
The funding was secured at a $31bn post-money valuation and the company claimed it was four-times oversubscribed.
Formerly known as Kreditor, Klarna provides a service that enables e-commerce customers to secure consumer finance at the point of purchase, allowing them to buy products they can pay for in…
