A story appeared on Twitter just over two years ago about how Snoop Dogg, who turned into ‘Smoooth Dogg’, became an investor in Swedish payment provider Klarna. This week, the FCA published a review and the news might not be good for one of the biggest FinTechs in Europe.

Klarna has grown into one of the most powerful FinTech Unicorns in Europe. Valued at more than the likes of Revolut and Monzo, it has also grown into a major player in the U.S. over the last year or so.

Backed by Sequoia since 2010 where the FinTech is described as…


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