Buy now, pay later business Klarna has announced it’s reached a milestone of 150mn active customers, while the Wall Street Journal reports it could be seeking another funding round.
In Brief:
- Klarna has reached 150mn active users and will celebrate with a three-day deal event across 19 global markets.
- Meanwhile, the WSJ says it is seeking around $1bn funding.
- This would leave the business with a valuation of $30bn.
What does this mean?
Klarna is celebrating the positive news that over 150mn people use its platform to pay or access credit, however the reported funding round — which is unconfirmed as of yet — would see the business’ valuation drop to $30bn from a previous Bloomberg estimate that the firm would be valued at around $50bn at its next round. The business is still loss making but remains backed by giant like SoftBank and Sequoia.
