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Klarna IPO: Buy Now, Pay Later firm reveals profit and growth details as possible stock listing date nears

Fast Company Tech

In what could be one of the most high-profile fintech public offerings this year, Swedish Buy Now, Pay Later (BNPL) giant Klarna has filed paperwork with the U.S. Securities and Exchange Commission (SEC) relating to an initial proposed public offering. Klarna is a fintech company based in Sweden. Whats happened? What is Klarna?

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Web creator Tim Berners-Lee’s startup Inrupt raises $30 million

TechCrunch

Tim Berners-Lee’s startup, Inrupt, has raised about $30 million in its Series A financing round, a source familiar with the matter said. TechCrunch reported in late October that the three-year-old Inrupt was in talks to raise between $30 million to $50 million. Inrupt’s customers include governments and enterprises.

Web 113
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Equity Monday: Instagram pauses youth product as Amplitude, Warby Parker prep public offerings

TechCrunch

Swiss startup Frontify raises $50 million , more than double its previous round’s size. And from Sweden, EV company Polestar may go public via a SPAC , as EV company Cake raises $60 million. Nice to see Sweden do so well in a key business category. Tesla is doing FSD stuff , which confuses us.

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Klarna confirms $800M raise as valuation drops 85% to $6.7B

TechCrunch

European fintech Klarna has confirmed that it has raised $800 million at a pretty hefty valuation drop. Rumors have been circulating for at least the past month that Sweden-based Klarna, best known as a “ buy now, pay later ” service provider, was seeking to raise new funds. billion valuation exactly a year ago.

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Nordic challenger bank Lunar raises €40M Series C, plans to enter the ‘buy now, pay later’ space

TechCrunch

Lunar , the Nordic challenger bank that started out life as a personal finance manager app (PFM) but acquired a full banking license in 2019, has raised €40 million in Series C funding from existing investors. Overall, the bank has 5,000 business users and 200,000 private users across Denmark, Sweden and Norway. Augustinus Fabrikker.

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As BNPL startups raise, a look at Klarna, Affirm and Afterpay earnings

TechCrunch

Also this year, we’ve seen France’s Alma raise a $59.4 Klarna, based in Sweden, is said to be considering a direct listing. Afterpay, based in Australia, went public a few years ago. And then there’s Affirm, the recently public U.S.-based Terms vary, but the space is very active.

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Klarna confirms new $31B valuation

TechCrunch

Klarna , the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. That’s likely prompted by reports the company is eyeing up a direct public listing and the current appetite for public tech stocks in general.

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