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Klarna raised USD 650 million

Stockholm: Swedish startup Klarna has raised $650 million in an equity funding round, at a post-money valuation of $10.65 billion, ranking the firm as the highest valued private fintech in Europe, and the fourth-highest worldwide.

The funding round is led by Silver Lake, alongside GIC – Singapore’s sovereign wealth fund – as well as funds and accounts managed by BlackRock and HMI Capital.

Concurrently, Merian Chrysalis, TCV, Northzone, and Bonnier have acquired shares from existing shareholders. They will join current investors such as Sequoia Capital, Dragoneer, Permira, Commonwealth Bank of Australia, Bestseller Group, and Ant Group in supporting Klarna’s future growth.

Klarna’s direct to consumer app has more than 12 million monthly active users worldwide, with 55,000 daily downloads.

Earlier this year, Klarna acquired Italian BNPL firm Moneymour and launched a savings account for German consumers using the online deposit marketplace Raisin.

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