{"id":272699,"date":"2021-06-11T17:09:56","date_gmt":"2021-06-11T14:09:56","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/payments-app-klarna-soars-to-eye-popping-45-6b-valuation\/"},"modified":"2021-06-11T17:09:56","modified_gmt":"2021-06-11T14:09:56","slug":"payments-app-klarna-soars-to-eye-popping-45-6b-valuation","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/payments-app-klarna-soars-to-eye-popping-45-6b-valuation\/","title":{"rendered":"#Payments app Klarna soars to eye-popping $45.6B valuation"},"content":{"rendered":"

“#Payments app<\/a> Klarna soars to eye-popping $45.6B valuation<\/strong>”<\/p>\n

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Deferred payments app Klarna soared to a valuation of $45.6 billion in its latest fundraising round \u2014 buoyed by an investment from Japan\u2019s SoftBank.\u00a0<\/p>\n

The \u201cbuy-now-pay-later\u201d firm, which raised $639 million Thursday, is now Europe\u2019s most valuable privately-held financial technology<\/a> company.<\/p>\n

Like competitors Afterpay and Affirm, Stockholm-based Klarna lets consumers take home items then pay for them later through a series<\/a> of smaller payments with interest. Think of it as \u201clayaway with a twist.\u201d\u00a0<\/p>\n

The company\u2019s retail partners include H&M, IKEA, Sacks, Macy\u2019s, Urban Outfitters and Etsy. In total, it has partnerships with 250,000 brands and boasts 18 million users worldwide, according to the company.\u00a0<\/p>\n

Even despite hesitance among some cash-strapped consumers during the pandemic, Klarna has thrived \u2014 more than quadrupling its valuation in the past year.<\/p>\n

In a September 2020 fundraising round, the company was valued at $11 billion<\/a>. In March 2021, that number was $31 billion<\/a>.\u00a0<\/p>\n

Klarna is mulling going public sometime soon in either London or New York, the Financial Times reported<\/a>. \u00a0<\/p>\n

\"A
Klarna is \u201caggressively going after the US market,\u201d analyst Dan Ives told the Post. <\/figcaption>
Levine-Roberts\/Sipa USA<\/span><\/figcaption><\/figure>\n

Wedbush securities tech analyst Dan Ives attributed Klarna\u2019s astonishing valuation surge to its potential for growth, especially in the United States.<\/p>\n

\u201cIt\u2019s now at the top of the mountain on terms of European unicorns and aggressively is going after the US market,\u201d Ives told the Post. \u201cThe valuation is eye-popping but it\u2019s going after a trillion-dollar market opportunity.\u201d\u00a0<\/p>\n

Thursday\u2019s investment round was led by SoftBank\u2019s famous technology investment group \u201cVision Fund 2,\u201d with additional participation from existing investors Adit Ventures, Honeycomb Asset Management and WestCap Group.<\/p>\n

\"Klarna
Klarna has partnerships with total 250,000 brands and boasts 18 million users worldwide, according to the company.\u00a0<\/figcaption>
Getty Images for Klarna<\/span><\/figcaption><\/figure>\n

Other Klarna investors include H&M, private equity firm Silver Lake, Jack Ma\u2019s Ant Group and venture capital fund Sequoia Capital.<\/p>\n

Klarna, which was founded in 2005, paints its buy-now-pay-later model as a threat to credit card firms, claiming that its system is more fair and efficient.\u00a0<\/p>\n

\u201cConsumers continue to reject interest-and fee-laden revolving credit and are moving toward debit,\u201d said Klarna founder and CEO Sebastian Siemiatkowski on Thursday. \u201cI\u2019m very proud of the investors who are supporting Klarna\u2019s ambition to challenge these outdated models to empower consumers with fair, transparent, and convenient products to help them bank, shop and pay each day.\u201d\u00a0<\/p>\n

\"Klarna
Klarna CEO Sebastian Siemiatkowski founded the company in 2005.<\/figcaption>
REUTERS<\/span><\/figcaption><\/figure>\n

Klarna recently faced an embarrassing hiccup in May, when an app issue caused about 90,000 users to be able to view personal information about other users, including their full names, addresses, phone numbers and emails. No financial information was exposed, according to the company<\/a>.\u00a0\n <\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Payments app Klarna soars to eye-popping $45.6B valuation” Deferred payments app Klarna soared to a valuation of $45.6 billion in its latest fundraising round \u2014 buoyed by an investment from Japan\u2019s SoftBank.\u00a0 The \u201cbuy-now-pay-later\u201d firm, which raised $639 million Thursday, is now Europe\u2019s most valuable privately-held financial technology company. Like competitors Afterpay and Affirm, Stockholm-based…<\/p>\n","protected":false},"author":1,"featured_media":272700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/06\/klarna-50.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[108989,109134,70917,11719],"class_list":["post-272699","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-6-11-21","tag-credit","tag-startups","tag-sweden"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=272699"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/272699\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/272700"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=272699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=272699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=272699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}