Ledger.

Startup · $2.8b raised

Klarna

Stockholm

Coverage

Stories naming Klarna. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.

Unnamed stage $100m

Cover Genius Raises $100M From Vista Credit Partners

Vista Credit Partners is backing Cover Genius's USD 100 million raise, which puts the insurance platform's value at USD 1.9 billion; Morgan Stanley acted as placement agent.

Also SmartCompany·inspirepreneurmagazine.com·Cut Through Venture·SmartCompany·Startup Daily·Forbes Australia

3 deals

Gabby and Hezi Leibovich-backed Fingertip acquired by rival Linktree – and will close

Linktree has bought Melbourne rival Fingertip and will shut it down in 2026, with its cofounders joining; the piece also recaps Linktree's earlier acquisitions and the Leibovich brothers' failed ventures.

Also Dealroom·Forbes Australia

undisclosed US$9m

Investment Notes: Lorikeet

Blackbird's note explains why it led Lorikeet's nine-million-US-dollar round alongside co-investors, describing the startup's workflow-first approach to harder support tickets and its results with Eucalyptus.

Also Startup Daily·Startup Daily·SmartCompany·SmartCompany·Startup Daily

News

Niklas Adalberth, entrepreneur and founder of the Norrsken Foundation, winner of the Esade Award

Esade honours the Klarna co-founder at its alumni day; he describes Norrsken's mission to support companies with positive impact and reflects on entrepreneurship, networking and mentoring.

Funding announcement

Fund Distributions – Secondaries are a Growing Option Amongst IPO & M&A in Exit Conversations

Perennial's analysis of exit conditions argues improving markets will lift M&A, IPO and secondary activity, surveying recent ASX deals, secondaries involving Canva, Employment Hero and Eucalyptus, and LP pressure for distributions.

Also Folklore Ventures·Women's Agenda·quadrantpe.com.au·Forbes Australia·Dealroom

8 deals

Ignition Lane's Weekly Wrap: Venture capital is down, but a long way from out

Ignition Lane's weekly wrap reports falling Australian venture funding, lists several startup raises and fund raises, covers Chargefox's acquisition, Volt's closure, the Zip-Sezzle merger termination, and global tech news.

Also Women's Agenda·Startup Daily·SmartCompany·Techboard·SmartCompany

2 deals

European fintech Scalapay, founded by two Aussies, raises A$210m led by Tiger Global

Scalapay, a European buy-now-pay-later provider started by two Australians, has closed a Series A round worth A$210 million led by Tiger Global, and recently appointed two executives to run operations and expansion.

Also Startup Daily·SmartCompany·Startup Daily

2 deals

Australia’s latest almost-unicorn: What is BNPL player Scalapay, and where did it come from?

Scalapay, an Australian-born BNPL startup focused on European fashion retail, raised a $210 million Series A led by Tiger Global, valuing it above $1 billion, following a $63 million seed round in January 2021.

Also Startup Daily·Australian FinTech·Startup Daily

2 deals

US VC Tiger Global just turned Scalapay, a BNPL from Wollongong, into a unicorn fintech with a $210 million series A

Buy-now-pay-later fintech Scalapay, founded by Australians and focused on Southern Europe, has raised a $210 million Series A led by Tiger Global, reaching unicorn valuation, with hiring plans ahead.

Also SmartCompany·Startup Daily·Australian FinTech·SmartCompany·SmartCompany·SmartCompany·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily

Unnamed stage $3m

Afterpay for refunds? Refundid raises $3 million for tech turning BNPL model on its head

Refundid, which pays online shoppers their refunds instantly and recovers the cost from retailers, has raised $3 million in equity and debt led by Afterpay-backed AP Ventures, with Paul Greenberg investing and joining its advisory board.

Also SmartCompany

15 deals

Ignition Lane's Weekly Wrap: CBA's cash splash, NZ's Hi-Tech awards, the biggest tech news from around the world

Weekly roundup covering CBA's strategic stakes in Little Birdie and Amber, several Australian funding rounds, Zip's BNPL acquisitions, Tritium's planned NASDAQ listing, Amazon's MGM purchase and other global tech news.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany·Women's Agenda

6 deals

The startup funding round: Fintechs galore, records broken and a $1 billion cash injection

A weekly roundup reporting fresh raises by Deferit, Karbon, VendorPanel, Symple and Thrive, plus Klarna's US$1 billion round at a US$31 billion valuation.

Also Cut Through Venture·Startup Daily

3 deals

CBA-backed BNPL Klarna raised $1.3 billion to become the world’s 2nd biggest fintech

Klarna, the Swedish buy-now-pay-later bank backed by Commonwealth Bank, has secured new funding of US$1 billion at a US$31 billion valuation; CBA confirmed its participation, and two earlier raises are recalled.

Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·Startup Daily·Startup Daily·SmartCompany

12 deals

Ignition Lane's Weekly Wrap: Atlassian's win in the Salesforce-Slack deal, Shopify sets new records, Afterpay's US sales are tops

Weekly roundup reporting Salesforce's Slack acquisition, several ASX listings, multiple Australian startup raises, OneVentures' fund tranche close, and international deals including Facebook buying Kustomer.

Also Startup Daily·Startup Daily·Startup Daily·SmartCompany·Startup Daily·SmartCompany·SmartCompany·Startup Daily

3 deals

Swedish fintech Klarna is now the world’s 4th most valuable fintech after US$650 million raise

Swedish BNPL company Klarna raised US$650 million led by Silver Lake, valuing it at US$10.65 billion. The piece recalls CBA's earlier US$300 million investment and its joint ownership of Klarna's Australian business.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany

3 deals

CBA is tipping $28 million into startups via VC funds

Commonwealth Bank invests US$10 million each in Square Peg and Zetta's latest funds, backs new venture Backr via X15 Ventures, awarded Givvable a cash prize, and recalls its Klarna stake.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany

3 deals

5 things you should know about tech today

Daily roundup covering an insider-trading case involving ASX-listed Innate Immunotherapeutics, Klarna's first Australian retail deal, health-tech raises by Adherium and Prospection, and the administration of Calombaris's restaurant group.

Also Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·Startup Daily·SmartCompany·prospection.com

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