Klarna Looks for New Funds at Lower Valuation

Payments
Written By Rick Watson

Klarna specializes in buy-now-pay-later services, a popular type of cash advance that competes with credit cards and lets customers pay for goods and services in installments without paying interest.

It’s these types of companies that could have the most problems, as the company better keep growing quickly.  Let’s say it has $2 billion in 2022 revenues projected, that would put it at a 15x revenue valuation, which is not completely unreasonable in normal circumstances.

In these times, though, who knows what it will result in.  The company was previously valued at $46 billion just last year.

The Wall Street Journal: SoftBank-Backed Fintech Giant Klarna Looks for New Funds at Lower Valuation

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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