Chrysalis Investments has raised the value of its stake in Klarna, implying a new valuation of approximately $14.6 billion for the buy now, pay later (BNPL) provider. According to Bloomberg, Chrysalis increased its stake’s value from £100.3 million ($130.1 million) to £120.6 million ($156.5 million), citing the rising share prices of Klarna’s publicly listed peers as a factor.
This valuation reflects significant growth since Klarna’s $6.7 billion valuation during its 2022 funding round, although it remains below its peak valuation of $45.6 billion in 2021. As Klarna gears up for a potential IPO, Chrysalis has identified the first half of 2025 as a potential timeline for the listing.
In its August half-year earnings report, Klarna reported a 27% revenue increase and adjusted profits of $66 million, contrasting with a loss of $45 million in the previous year. CEO Sebastian Siemiatkowski attributed the company’s performance to a focus on sustainable growth, AI-driven cost reductions, and expansion in markets such as the U.S., where revenue has grown by 38% year-over-year.
In recent product expansions, Klarna launched a Gift Card Store in the UK, offering BNPL and instant payment options for brands like Airbnb and IKEA, with plans to expand across Europe. Klarna also extended its flexible payment options to eligible Apple Pay users in the US and UK, with further global rollout planned, including Canada.
