The $60 billion private equity firm Silver Lake led a $650 million funding round to accelerate the growth of Klarna, a global payments and shopping service company.
The investment, which included capital from a handful of other high-profile investors, helped push Klarna’s valuation to $10.65 billion in becoming the highest-valued private fintech in Europe.
Singapore sovereign wealth fund GIC participated in the funding round, along with BlackRock and HMI Capital. They join an elite group of investors including Sequoia Capital, Permira and Ant Group in boosting Klarna’s aims to grow . . .
Continue Reading
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.
Monthly
$30
A pay-as-you-go plan to get you started
→ Instantly unlock all new and archived articles
→ Daily, weekly and monthly e-mail newsletters
→ Access to the weekly AW Deal Watch by AW Research
Annual
$300
Required for access to AW Research
Get more for less - 20% discount over monthly
→ Everything in Monthly PLUS:
→ Access to articles and data from AW Research
→ AW Annual Investor Compendium – our comprehensive guide to investor activity, with a ranking of the most active investors for the year and profiles of the top global allocators
