Klarna raises $460 million to scale European fintech focus

klarna

Swedish fintech startup, Klarna said it has raised a total of $460 million in fresh funding.

Klarna operates a ‘buy now, pay later’ service for shoppers across major parts of Europe.

The company said the latest raising will make it the most valuable fintech startup in the whole of Europe.

The funding round which was led by Dragoneer Investment Group, its existing investor will give Klarna a new valuation of $5.5 billion.