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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.
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.
Swedish FinTech Open Payments has added €3m in a seed round and will use the cash injection to grow its team and its reach across the European market.
Lloyds Bank has announced that its customers will soon be empowered to better view, manage and amend their subscriptions through its banking app.