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Jul 16, 2022 - Economy

2. Valuations: Down and to the right

Data: YCharts; Chart: Axios Visuals
Data: YCharts; Chart: Axios Visuals

BNPL valuations, like other beneficiaries of the pandemic's boom times, are getting a reality check.

Driving the news: Klarna, a Sweden-based buy-now-pay-later company, announced this week a stunning 85% valuation cut as part of raising $800 million in new funding.

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