Klarna is absolutely over-hyped, overvalued and a glorified bank and a complete scam. It also seems that an investor unloaded their shares worth $7.6m a year ago [0][1][2] at a $48B valuation to get retail sucked in and investing at that valuation on a crowdfunding platform.
Fast forward today, those 6,971 new investors have lost money as Klarna is on a series of downrounds; now at $6.5B.
Now that is what I call a magnificent exit scam that Crowdcube has done, which retail once again loses and becomes the bag holders.
Nope. They are both scams. One being a platform for larger investors facilitating and dumping on retail and a debt collector masquerading as a 'friendly' interest-free and financing platform for consumers with soft credit checks.
Hopefully, the investment round in Crowdcube was cancelled as they had "issues issuing the share in a timely manner". So Crowdcube users were saved by chance!