Klarna, a Swedish fintech company, on Monday confirmed that it has closed an $800m financial round that brings its post-money valuation to $6.7 billion.
The company, popular for its buy now, pay later services, disclosed this in a statement titled ‘Klarna closes major financing round during worst stock downturn in 50 years’
This puts to rest reports about the company’s efforts to raise funds to top up its valuation.