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FinTech firms have had a tricky time for over the past two years
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Investors have turned off the taps of cheap money. Firms have had to rein in their valuations and thousands of staff globally have been given
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their marching orders. Now today we're going to be putting the spotlight on one of those companies
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the Stockholm-based Buy Now Pay Later giant Clana. Now Clana has had something of a roller coaster over the past two years
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Just back in 2021, it was then Europe's most valuable startup with a price tag of some
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$46 billion after backing from heavyweights like Sequoia Capital. Rising interest rates, soaring inflation rocked a lot of the tech sector and Klanar, like its high growth peers, was forced to slash that valuation by 85%
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Bosses have quietly set up a new UK-based holding company and what seems to be plans to revive its much-anticipated IPO
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Policymakers and regulators on both sides of Atlantic are now going to be on a major charm offensive to try and win round that listing for Klanah
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