Silver Lake led a $650m funding round in Klarna, a global payments and shopping service, valuing the company at $10.6bn. The round also included GIC, BlackRock, HMI Capital, Merian Chrysalis, TCV, Northzone and Bonnier. The funding will help Klarna further invest in its unique shopping offering, continue to grow its global presence, and accelerate its strong momentum across all markets. "We are at a true inflection point in both retail and finance. The shift to online retail is now truly supercharged and there is a very tangible change in the behaviour of consumers who are now actively seeking services which offer convenience, flexibility and control in how they pay and an overall superior shopping experience. Klarna’s unique proposition, consumer preference and global retailer network will prove an excellent platform for further growth. The Klarna team is honoured to welcome such world class investors to support our mission to become the world’s favourite way to shop,” Sebastian Siemiatkowski, Klarna Co-Founder and CEO.