Klarna Bank AB provides e-commerce payment systems and solutions. The Company offers credit to shoppers and allows them to pay after they receive the goods. Klarna conducts business worldwide.

This valuation would be over an 80% discount to its previous $45 Billion valuation.  It’s tough times in the Buy Now Pay Later space folks.

The Wall Street Journal: Klarna in Talks to Raise Fresh Cash at Slashed $6.5 Billion Valuation