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Klarna Reels in $650M Funding as Covid Fuels How Shoppers Want to Pay

With pent-up demand, speed to market has never been more important. But port congestion, tariff impacts, the Uyghur crackdown and Covid uncertainty is making it difficult to restock the racks. Join Sourcing Journal on July 8 at 2 pm ET to learn how to sidestep the worst of the logistics roadblocks.

The burgeoning “buy now, pay later” industry just got a sizable vote of confidence as one of its top names just hauled in its biggest investment yet. Klarna, the Swedish financial services provider and bank best known in the U.S. for its installment payments platform, has secured $650 million in an equity funding round. Already…

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