Finance

Klarna to raise $1 billion at $31 billion valuation

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The logo of Swedish payment provider Klarna is shown on the display of a smartphone on April 22, 2020 in Berlin, Germany.

Thomas Trutschel | Photothek | Getty Images

LONDON — Klarna is close to finalizing a $1 billion funding round that would give the Swedish fintech company a valuation of $31 billion, two people familiar with the matter told CNBC.

The Stockholm-based firm is one of the world’s largest providers of “buy now, pay later” (BNPL) services, which allow shoppers to spread out the cost of their purchases over a period of interest-free installments.

The company is raising a bumper round ahead of a potential blockbuster stock market listing that would be a boon to some of its…



Source cnbc.com

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