Klarna May Get Backing From Canada Pension Fund, Sky Reports

The Swedish buy-now, pay-later giant Klarna Bank AB has secured funding from investors that could include the Canada Pension Plan Investment Board, Sky News said.

Klarna is close to announcing a $800 million funding round at a valuation of less than $6 billion, according to the report. It’s been in talks with CPPIB, the largest Canadian pension fund, as well as the Abu Dhabi state investment fund Mubadala, Sky said.