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Klarna Takes Over As Europe’s Top Private Fintech 'Unicorn'

Saturday, Aug 24 2019

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Written by FinTech News Brief Staff

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Klarna Takes Over As Europe’s Top Private Fintech 'Unicorn'

The Swedish online pay company Klarna has reached a $5.5 billion valuation after its latest $460 million funding haul, making it the largest private fintech in Europe. So reports Fox Business.

The company, whose investors include rap artist Snoop Dogg, is planning to expand into the U.S. market. The company, which is approaching $1 billion of annual revenue, services more than 60 million consumers and 130,000 merchants.

Read the full article from Fox Business.

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