Swedish fintech firm Klarna opts for debt funding to finance growth

Sweden-based Klarna, one of Europe's most valuable fintech firms, this morning announced that it had tapped debt markets for the first time in its history, issuing subordinated notes totalling 300 million Swedish crowns (roughly $32 million at current currency exchange rates).

As Reuters reports, Klarna said the 10-year notes have a floating rate, and that notes were allocated to a limited number of large Nordic investors. The company opted for debt financing to boost growth but also to diversify its funding sources.

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