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  • set to be the most valuable European startup.

  • Swedish payments firm Kleiner has nearly tripled its valuation to $31 billion in less than six months.

  • The company, which counts US store Macy's as an investor, on Monday said it's the result of a new $1 billion private fundraising round.

  • The latest round for the buy now pay later firm was oversubscribed four times.

  • That puts the Fintech on par with many of Europe's biggest listed financial houses.

  • At $31 billion.

  • The company's value is comparable to the likes of Barclays and Credit Suisse and makes it larger than Germany's biggest lender, Deutsche Bank.

  • But questions remain over the buy now pay later business model, particularly during the health crisis, with countries keen to prevent consumers from overextending themselves.

  • But investors seem undeterred, and the latest deal caps a meteoric rise in the value for Kelowna, sources say.

  • More than 30 new and existing investors took part in the latest funding round.

  • Kleiner has been widely rumored to be among a number of tech companies mulling a public listing, with some industry experts expecting a New York I P O in the near future.

set to be the most valuable European startup.

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B1 valuation latest firm deutsche bank fintech lender

Klarna triples valuation to $31 billion

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    林宜悉 posted on 2021/03/01
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