Snoop Dogg-Backed Klarna Now EU’s Most Valuable Fintech Startup
- New funding gives Klarna post-money valuation of $5.5 billion
- TransferWise, N26 previously jostled for top value position
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Swedish payments and banking firm Klarna became the most valuable European fintech startup after new funding pushed its post-money valuation to $5.5 billion.
Klarna reached that status after raising $460 million in an equity round that will help it “continue its rapid rise in the U.S. market where it is currently growing an annual rate of six million new U.S. consumers,” the company said in a statement on Tuesday.