Klarna Raises $200 Million for Australian Launch

Klarna has received a $200 million investment from the Commonwealth Bank of Australia (CBA) ahead of their launch in Australia; the bank invested $100 million in August 2019 which was part of a $460 million round; Klarna is known for their buy now, pay later solution which is available in the Nordics, the Netherlands, Germany, Austria, the UK and the US; they are also planning for a New Zealand launch; CBA now has a 5.5% stake in the company and their customers will be the first to leverage Klarna. Fintech Futures

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