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Klarna reportedly eyeing $50-60bn valuation at next funding round
By Oliver Smith on Thursday 10 February 2022


Alternative Lending

Further extending its lead as ‘Europe’s most valuable fintech’.


Image source: Sebastian Siemiatkowski/Klarna.
Europe’s most valuable fintech, Klarna, is reportedly working on a fresh funding round that could see its price tag reach an incredible $60bn.

First reported by Bloomberg, the buy now, pay later giant is said to be courting “sovereign wealth and pension funds as new investors” with preliminary estimates that the valuation could land somewhere between $50-60bn.

It was only last June that Klarna raised $639m from backers including SoftBank’s Vision Fund at a $45.6bn valuation, and that found came just four months after it raised $1bn at a $31bn valuation.

A further rise would be more good news for listed fintech investor fund Chrysalis Investments, whose portfolio is on a tearfollowing its early bets on Klarna and Starling bank.

It would also further extend Klarna’s lead as ‘Europe’s most valuable fintech’, putting it ahead of Checkout.com which raised $1bn in January at a $40bn valuation.

As part of this latest round, Bloomberg also reported that Klarna is considering allowing existing backers to sell down some of their holdings, and is exploring additional debt financing from banks to accelerate its expansion plans.

A Klarna spokesperson declined to comment to AltFi, calling the latest reports on Klarna’sfunding “pure speculation”.