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Fintech

SoftBank Group, Silver Lake among big losers after Klarna’s valuation plunge

The buy-now-pay-later giant raised $800m at a $6.7bn valuation, way down on previous estimates

SoftBank Group and Silver Lake are poised to be among the biggest losers betting on Klarna after the fintech company took a significant cut in valuation to raise fresh funds.

Other investment firms proved more adept at navigating Klarna’s rise and fall, cashing in before the startup’s humbling comedown to reap hundreds of millions of dollars in profit, according to people familiar with the matter and PitchBook data.

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