FILE PICTURE: People gather at Klarna office in Stockholm, Sweden, February 17, 2016. REUTERS/Mia Shanley/File Photo
FRANKFURT (Reuters) – Online payments company Klarna, which has won a growing following, with a buy-now, pay-later’ service for shoppers, said on Tuesday it had raised $460 million in a funding round, making it Europe’s most valuable fintech start up.
Investors led by San Francisco-based Dragoneer Investment Group, the new money is from the Swedish company, giving it a post-money valuation of $5.5 billion.
Reporting by Douglas Busvine; Editing by Thomas Seythal