Raison Asset Management has invested in Europe's most expensive startup, Klarna

Raison Asset Management has invested in Europe's most expensive startup, Swedish fintech company Klarna. On 10 June, Klarna announced a new round of financing worth $639 million, giving it a valuation of over $45 billion. Raison bought Klarna shares on the secondary market, increasing its stake in the portfolio to $1 million, the investment firm's press service reported. "For the first time, Raison Asset Management invested in Europe's most expensive startup in December 2020 at a share price of about $500. The second deal was concluded in June 2021. In the five months between the deals, Klarna's capitalization grew more than 2.4 times: from $12.8 billion to $31 billion," Raison explained. The volume of the closed Klarna investment fund was $639 million, and the valuation of Europe's most expensive startup reached $45.6 billion.

"The first quarter of 2021 has become a record in financing fintech startups in the global market - this industry is experiencing rapid growth. As for Klarna, it is one of the most interesting representatives of the "buy now - pay later" model," said Alexander Zaitsev, Managing Partner of Raison Asset Management.

The Swedish fintech company Klarna operates on a "buy now — pay later" system. 250 thousand online shops work with it. In March 2021, $6.9 billion worth of purchases were made through Klarna, and the company's revenues for 2020 exceeded $1 billion. In less than two years, Klarna's capitalization has increased by more than 600%, making it one of Europe's fastest-growing and most expensive startups.