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Klarna’s potential valuation cut to $15B appears sufficiently steep

TechCrunch LogoTechCrunch2w ago

Klarna’s potential valuation cut to $15B appears sufficiently steep

Quick Summary

The Wall Street Journal recently reported that Klarna, a European buy-now-pay-later (BNPL) provider, is considering raising capital at a valuation of around $15 billion.

The new figure is both a dramatic decline from Klarna’s mid-2021 valuation of more than $45 billion, and the $30 billion figure it was reported to be targeting earlier this year.

Klarna is simply the biggest, best-known, and most valuable private company caught in the mix.


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Article Details

Author / Journalist: Alex Wilhelm

Category: Startups

Topics: Finance Online payments EC Fintech Startups Klarna Venture Capital Valuation Finance TC Affirm Bnpl Buy now pay later Apple EC Newsletter Payments The Exchange

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-20, 16:00:32

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Reading Time: 2 minutes read

Article Length: 356 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 1378

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