Europe's Most Valuable Startup Was Worth $46 Billion Last Year; It's Down 85%
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A year after earning a $46 billion price tag, Swedish payments firm Klarna announced Monday that it raised $800 million at a valuation of $6.7 billion. That's a dramatic 85% drop for the pioneering buy now, pay later (BNPL) firm.
CEO Sebastian Siemiatkowski said Klarna maintains a "strong position." Others might say it's experiencing the end result of sky-high valuation now, down round later.
Source Fool.com
