Klarna Now Has A More Than $5 Billion Valuation As Buy Now Pay Later Takes Off

Klarna, the Swedish payments company, raised $460 million in venture funding at a post valuation of $5.5 billion, making it the largest private fintech company in Europe and among the biggest across the globe. The startup has reimagined the buy now pay later payment method for eCommerce, enabling shoppers to pay over time without facing hefty interest rates and fees...