Klarna sees its value slashed by 85% in latest round of fundraising
by Mark Sweney from Technology | The Guardian on (#619KJ)
Buy now, pay later' firm, once Europe's most valuable private tech company, valued at less than $7bn
Klarna, the buy now, pay later" fintech darling that was once Europe's most valuable private tech company, has seen its value slashed by 85% to less than $7bn in its latest round of fundraising.
The company, which enjoyed stellar growth while also being criticised for potentially leading shoppers into unsustainable debt, announced the valuation after the conclusion of a difficult $800m funding round as investors continued to question the true worth of many tech businesses.
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