• Klarna, the largest global BNPL solution provider, has raised USD 800 million in a fresh funding round from investors including Sequoia, Silver Lake, Commonwealth Bank of Australia, Mubadala Investment Company, and Canada Pension Plan Investment Board. The new funds were raised at a valuation of USD 6.7 billion, a steep discount to its USD 45.6 billion valuation in June 2021 , when it raised USD 689 million. 

• The fresh funds are earmarked for further expansion in the US.

<ul><li> Analyst QuickTake : Klarna recently laid off 10% of its workforce (~700 employees) citing macro headwinds such as rising inflation and a drastic shift in consumer sentiment as well as geopolitical tensions stemming from the Russia–Ukraine conflict. The startup had been in the market for fresh funds since May 2022 , when it was reportedly raising funds in the low USD 30 billion range and more recently , at USD 6.5 billion.</ul>