The instalment finance provider, which counts several corporates as investors, almost tripled its valuation to $31bn in the round.

Klarna, the Sweden-based payment technology producer backed by corporates Visa, Ant Group, Bonnier, Commonwealth Bank of Australia (CBA) and Bestseller Group, closed $1bn in financing from unnamed new and existing investors yesterday. The funding was secured at a $31bn post-money valuation and the company claimed it was four-times oversubscribed. Formerly known as Kreditor, Klarna provides…

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