Klarna reportedly in talks to raise $500m

Reuters reports that Swedish ‘buy now, pay later’ firm Klarna plans to raise over $500 million which would value it at more than $10 billion, as it attempts to expand its business in the United States.

The round would nearly double the fintech’s previous valuation of $5.5 billion in August 2019.

Reportedly, both new and existing investors will be participating in the round.

Read more on the topic: Reuters