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SoftBank investment helps Klarna evaluate $ 45.6bn

Klarna raised its price by 50% to $ 45.6bn in just three months when the buyer, who paid later, received a new loan from SoftBank Japan.

New price – from $ 31bn in March and $ 11bn Last September – he encouraged the Swedish team to become Europe’s most valuable fintech company.

SoftBank’s Vision Fund 2 led the $ 638m fundraiser and joined the fundraisers including Silver Lake, China Group Ant, H&M, and Sequoia Capital ahead of the initial donations made over the next few years.

“Klarna’s growth is based on an understanding of how consumer spending is evolving, a change we believe is growing,” said Yanni Pipilis, co-manager of SoftBank Investment Advisers.

Unlike SoftBank’s Vision Fund 1, which is funded by foreign currency, mostly from the Middle East, the second Vision Fund is made up of funds from the Japanese financial sector.

Last month, SoftBank founder Masayoshi Son said he would increase Vision Fund 2’s investment from $ 10bn to $ 30bn as the Japanese company expands its investment in secret businesses around the world.

Klarna is pushing for the U.S. in a hurry and told investors that his American business will soon be “bigger than our business today”, according to a Financial Times report. Klarna’s total pay in the US jumped by 296% in the fourth quarter, according to the same amount paid to those expected to be cash.

Klarna, which is overseen as a bank in Sweden, classifies its offerings as a “major program”, used by consumers not only to pay but also to buy and sell in the bank.

However, it faces challenges with increasing political controls and procurement management now, paying some companies after complaining if they force consumers to buy things they can’t afford.

Klarna’s program had it problems on May 27 when nearly 90,000 users were able to get a brief overview of other customers, including names, names, email and phone number.

Sebastian Siemiatkowski, Klarna’s boss, called the “self-made” “sad and frustrating”, and has aroused the curiosity of data security controllers.

Siemiatkowski has just returned from the UK as Klarna continues to see London as a potential spot on the stock market, even though the US seems to be the most popular.

He claims in the Financial Times last month that if the UK changed its policy, it could increase its interest in Klarna. “As in the case of Brexit, it gives London an opportunity to draft better economic policies. This will help London to stand outside the EU… People expect all banks to leave. [from the UK]; I think it’s different, “he added.

Speaking Thursday after the SoftBank fundraiser, Klarna’s chief executive continued to fight for “interest-filled fines” and said buying now, paying later would be appropriate for consumers’ needs.

Additional reports of Arash Massoudi in London


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