Klarna saw its valuation slashed by 85% in a new financing round announced Monday, reflecting grim investor sentiment surrounding high-growth tech stocks and “buy now, pay later” lenders.
The Swedish fintech firm said it raised $800 million in fresh funding from investors at a $6.7 billion valuation — down sharply from the $45.6 billion value it secured in a 2021 cash injection led by Japan’s SoftBank.
It follows weeks of speculation that Klarna was seeking a so-called down round, where a privately-valued firm raises capital at a valuation lower than when it last sold investors new shares.
Source: CNBC
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