News

July 11, 2022

Klarna valuation slashed to $6.7bn in fresh funding round

That’s a big slump from the $46bn valuation it hit this time last year


Amy O'Brien

3 min read

Sebastian Siemiatkowski, CEO of Klarna

Swedish buy now, pay later (BNPL) giant Klarna has had its valuation cut to $6.7bn, in a sharp turn of fate for what was once Europe’s most valuable fintech. 

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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