Klarna confirms it raised $800M at a $6.7B valuation, down from $46B in June 2021 (Siddharth Venkataramakrishnan/Monetary …)

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Siddharth Venkataramakrishnan / Monetary Instances:

Klarna confirms it raised $800M at a $6.7B valuation, down from $46B in June 2021  —  Purchase now, pay later specialist was value $46bn final 12 months  —  Sweden’s Klarna, as soon as Europe’s most beneficial non-public fintech firm, has had its valuation slashed to $6.7bn within the clearest signal of the struggles dealing with the sector.