Klarna has completed a $150 million Series G round led by Sequoia Capital, bringing its valuation back to $10 billion. The Swedish buy-now-pay-later leader will deploy the fresh capital to deepen its presence in the United States and accelerate product development ahead of a planned public listing.

Chief Executive Sebastian Siemiatkowski disclosed the round during the company’s latest earnings call, noting that investor interest remains strong despite a challenging macro backdrop. The round marks a significant rebound from Klarna’s 2022 valuation cut and signals renewed confidence in the fintech sector.

Looking forward, Klarna intends to file for an IPO as early as 2027, using the intervening period to strengthen unit economics and expand its merchant network across key verticals. The company continues to emphasize responsible lending practices and advanced risk-modeling tools to maintain credit quality while scaling volume.