Klarna announced the closing of a new $800 million funding round at a post-valuation of $6.7 billion, up $150 million from the forecasted amount in June.

Both existing investors of the company (Sequoia, the founders, Bestseller, Silver Lake and Commonwealth Bank of Australia) and new ones (Mubadala Investment Company, Sovereign Fund of the UAE and Canada Pension Fund Investment Board) took part in the round.

Klarna received strong backing from the world's largest investors during the steepest fall in global stock markets, when the company's valuation fell several times following the fintech market. High demand from investors is natural – the company's valuation is more than attractive for such a large-scale and rapidly growing business that can survive the current crisis and maintain its leadership in the industry.

The company is planning to use the funding to expand Klarna's leading market position in the United States.