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Europe Has a New Top VC-backed FT: Sweden’s Klarna

Klarna, a Swedish payments firm, is now the highest valued VC-backed fintech in Europe after completing a $650 million funding round. So reports Pitchbook.

sweden map 1020204 640.jpegThe round was led by Silver Lake, and also featured participation from GIC, HMI Capital and BlackRock. Klarna is now worth $10.65 billion, nearly double what it was worth last year. Klarna allows customers to “buy now pay later” and spread payments over installments without paying interest.

Read the full article from Pitchbook.

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