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Swedish payment and shopping unicorn Klarna has become Europe's most valuable FinTech, but what does that mean for the other FinTech ventures in the Nordics?
Swedish payments unicorn Klarna can convincingly claim to hold the title of Europe's most valuable privately-owned FinTech company after a $650m funding round pushed...
Klarna may soon arguably be named Europe's most valuable privately held FinTech after news broke that the payment firm is in talks with investors to raise new funding that would push its valuation across the $10bn mark.
Klarna's latest app update is aimed at elevating the shopping experience for its UK customers to offer them more flexibility, control and personalisation while shopping online.
London-based FinTech Zilch has raised $10m to fund the rollout of its buy now, pay later platform, aiming to compete with companies like Klarna and Afterpay.
Just days after Klarna announced that its losses had grown sevenfold in the first half of 2020, PayPal has launched a buy now, pay later offering similar to the one given by Klarna and its rivals such as AfterPay and Affirm.
Klarna's losses grew sevenfold in the first six months of 2020 and now its ongoing conflict with the Swedish government has taken another turn.
Klarna's CEO has hinted that it might soon go public despite the Swedish payment unicorn's losses having jumped to $59.8m in the first six months of 2020, a sevenfold increase from the same period in 2019.
Payment service unicorn Klarna is introducing Google Pay for in-store purchases in the US as the country tackles the pandemic.
Payments & Remittances deal activity is on track to record its worst year since 2015 as investment slowed down in the first three months...