Klarna’s Valuation Boosted by Investor After Profitable Quarter
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A shareholder in Klarna Bank has increased the value of its stake in the European firm by 18%, a small victory for the buy now, pay later platform that saw its valuation cut sevenfold last year.
Shareholder Creades AB, a listed Swedish investment company, increased the value of its stake to 118 million kronor ($11.3 million) as of Nov. 30, according to news agency Direkt.