London Daily

Focus on the big picture.
Friday, Nov 14, 2025

Snoop Dogg-backed firm now Europe’s biggest fintech startup, valued at $5.5B

Swedish online payment firm Klarna, whose shareholders include Snoop Dogg, announced Tuesday it reached a $5.5 billion valuation following a $460 million funding round, asserting its status as Europe’s largest private fintech Opens a New Window. company.

Snoop Dogg invests in £2bn Swedish fintech company Rapper's investment firm Casa Verde has previously invested in cannabis-related businesses, such as weed delivery company. US rapper Snoop Dogg has bought a stake in financial technology company Klarna Bank.

The Swedish start-up, which was valued at $2.5bn (£2bn) in 2015, confirmed reports of the investment but would not comment on the size of it. "I've endorsed them, advised them, and now I'm looking to invest in them. I plan to keep growing the portfolio, ya dig?" Snoop Dogg, whose real name is Calvin Broadus, was quoted as saying.

The rapper, who has appeared in a YouTube video for the company, bought the stake through his investment firm Casa Verde Capital, which mostly invests in cannabis-related businesses, such as marjiuana delivery service Dutchie.

In the video, the 47-year old rapper is referred to as Smoooth Dogg for the purposes of Klarna's marketing campaign. The firm, which says it is one of Europe's largest banks, was founded in Sweden in 2015 and has expanded to 14 countries. It enables consumers to buy goods and services through various finance options and is used by 100,000 merchants.

The Stockholm-based startup, lead by CEO Sebastian Siemiatkowski, plans to expand into the U.S. market, joining several other European financial firms with its “buy now and pay later” model for consumers. Dragoneer Investment Group of San Francisco led the most recent funding round, solidifying its entry into the U.S. market.

Klarna announced its collaboration with Snoop Dogg in January with a series of commercials featuring the rapper who is both a minor shareholder and the face of the “Get Smoooth” campaign.

The partnership, born of transcontinental investment, catapulted the Swedish fintech startup to global notoriety when the commercials went viral and images of Snoop-Dogg with pure-bred elite dogs, on a set awash of millennial pink became social media meme fodder.

In a press release, Snoop-Dogg addressed his involvement as part of his European investment strategy.

“I’ve been looking for an opportunity to expand my tech investment portfolio to Europe and seeing the way Klarna operates and how they challenge the status quo, I think it’s a match made in heaven. I’m very excited about this partnership,” he said.

According to a recent press release about the funding round, Klarna currently services over 60 million consumers, 130,000 merchants, and is approaching $1 billion in annual revenue. They average 6 million new U.S. consumers each year and they believe the recent round of funding will fortify its strength in the foreign markets.

“The uniqueness of Klarna’s consumer offering, providing a healthier, simpler and smarter alternative to credit cards, with the addition of multiple services to smoothen the shopping experience, online and offline, is clearly resonating with the US consumer,” Klarna said in a statement.

Founded in Stockholm, Sweden in 2005, Klarna offers online consumers a seamless checkout experience with the option to pay now, pay later or over time with no interest. By directly purchasing inventory from the retailer, Klarna works with consumers to pay off the debt.

While he has not yet assigned a date, Siemiatkowski discussed the possibility of launching an initial public offering after H&M bought a stake in the firm and valued it at $2 billion.

"We have not taken a formal decision of listing, but Klarna is approaching a situation where I think we are more ready to list the company," Siemiatkowski told Reuters in an interview.

The CEO of the “tech unicorn” – a startup with a valuation of more than $1 billion – suggested that he is also interested in untapped markets like China.

“People refer to the U.S. market as extremely competitive but in my world, it cannot compare to the Chinese one. There is much more to do in markets that are not as competitive," Siemiatkowski said.



 



Newsletter

Related Articles

0:00
0:00
Close
UK Upholds Firm Rules on Stablecoins to Shield Financial System
Brussels Divided as UK-EU Reset Stalls Over Budget Access
Prince Harry’s Remembrance Day Essay Expresses Strong Regret at Leaving Britain
UK Unemployment Hits 5% as Wage Growth Slows, Paving Way for Bank of England Rate Cut
Starmer Warns of Resurgent Racism in UK Politics as He Vows Child-Poverty Reforms
UK Grocery Inflation Slows to 4.7% as Supermarkets Launch Pre-Christmas Promotions
UK Government Backs the BBC amid Editing Scandal and Trump Threat of Legal Action
UK Assessment Mis-Estimated Fallout From Palestine Action Ban, Records Reveal
UK Halts Intelligence Sharing with US Amid Lethal Boat-Strike Concerns
King Charles III Leads Britain in Remembrance Sunday Tribute to War Dead
UK Retail Sales Growth Slows as Households Hold Back Ahead of Black Friday and Budget
Shell Pulls Out of Two UK Floating Wind Projects Amid Renewables Retreat
Viagogo Hit With £15 Million Tax Bill After HMRC Transfer-Pricing Inquiry
Jaguar Land Rover Cyberattack Pinches UK GDP, Bank of England Says
UK and Germany Sound Alarm on Russian-Satellite Threat to Critical Infrastructure
Former Prince Andrew Faces U.S. Congressional Request for Testimony Amid Brexit of Royal Title
BBC Director-General Tim Davie and News CEO Deborah Turness Resign Amid Editing Controversy
Tom Cruise Arrives by Helicopter at UK Scientology Fundraiser Amid Local Protests
Prince Andrew and Sarah Ferguson Face Fresh UK Probes Amid Royal Fallout
Mothers Link Teen Suicides to AI Chatbots in Growing Legal Battle
UK Government to Mirror Denmark’s Tough Immigration Framework in Major Policy Shift
UK Government Turns to Denmark-Style Immigration Reforms to Overhaul Border Rules
UK Chancellor Warned Against Cutting Insulation Funding as Budget Looms
UK Tenant Complaints Hit Record Levels as Rental Sector Faces Mounting Pressure
Apple to Pay Google About One Billion Dollars Annually for Gemini AI to Power Next-Generation Siri
UK Signals Major Shift as Nuclear Arms Race Looms
BBC’s « Celebrity Traitors UK » Finale Breaks Records with 11.1 Million Viewers
UK Spy Case Collapse Highlights Implications for UK-Taiwan Strategic Alignment
On the Road to the Oscars? Meghan Markle to Star in a New Film
A Vote Worth a Trillion Dollars: Elon Musk’s Defining Day
AI Researchers Claim Human-Level General Intelligence Is Already Here
President Donald Trump Challenges Nigeria with Military Options Over Alleged Christian Killings
Nancy Pelosi Finally Announces She Will Not Seek Re-Election, Signalling End of Long Congressional Career
UK Pre-Budget Blues and Rate-Cut Concerns Pile Pressure on Pound
ITV Warns of Nine-Per-Cent Drop in Q4 Advertising Revenue Amid Budget Uncertainty
National Grid Posts Slightly Stronger-Than-Expected Half-Year Profit as Regulatory Investments Drive Growth
UK Business Lobby Urges Reeves to Break Tax Pledges and Build Fiscal Headroom
UK to Launch Consultation on Stablecoin Regulation on November 10
UK Savers Rush to Withdraw Pension Cash Ahead of Budget Amid Tax-Change Fears
Massive Spoilers Emerge from MAFS UK 2025: Couple Swaps, Dating App Leaks and Reunion Bombshells
Kurdish-led Crime Network Operates UK Mini-Marts to Exploit Migrants and Sell Illicit Goods
UK Income Tax Hike Could Trigger £1 Billion Cut to Scotland’s Budget, Warns Finance Secretary
Tommy Robinson Acquitted of Terror-related Charge After Phone PIN Dispute
Boris Johnson Condemns Western Support for Hamas at Jewish Community Conference
HII Welcomes UK’s Westley Group to Strengthen AUKUS Submarine Supply Chain
Tragedy in Serbia: Coach Mladen Žižović Collapses During Match and Dies at 44
Diplo Says He Dated Katy Perry — and Justin Trudeau
Dick Cheney, Former U.S. Vice President, Dies at 84
Trump Calls Title Removal of Andrew ‘Tragic Situation’ Amid Royal Fallout
UK Bonds Rally as Chancellor Reeves Briefs Markets Ahead of November Budget
×