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 instalments. Its revenue rose 56% year on year to $1bn, it said yesterday.
The valuation almost tripled the $10.7bn valuation at which the company raised $650m from Silver Lake, GIC, HMI Capital and funds and accounts managed by BlackRock, in September 2020.
Media group Bonnier, Merian Chrysalis, TCV and Northzone all bought Klarna shares through a secondary purchase also announced in September, with fashion retailer H&M possibly among the…
