Klarna is said to be in talks with investors for a new round of funding which would value the Swedish payments company at more than $10 billion, according to Reuters.
Citing three sources, Reuters reported Klarna now has expansion into the US in its sights, which is on track to become its largest market.
The “buy now, pay later” specialist plans to raise just over $500 million from a combination of old and new investors, with a deal reported to be announced in the coming days.
A spokesperson for Klarna declined to comment to Reuters on the plans.
Earlier this week Klarna launched a new app offering customers personalised content and “bringing together all the best aspects of shopping in one place”.
On Monday the Swedish payment giant unveiled its newly overhauled shopping app, aimed at meeting the shifting expectations of consumers brought on by the pandemic.
According to Klarna the app will now cover the entire shopping journey, from discovery through to a final purchase.
It’s thought Klarna plans to file for an initial public offering in the US within the next two years, with its latest funding round likely to be its last before the potential IPO.