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Klarna Said to Raise Up to $1 Billion at $31 Billion Valuation

  • Swedish payments company could publicly list next year
  • Existing investors are participating in fundraising round
Klarna AB Expected To List In Europe IPO Bonanza
Photographer: Hollie Adams/Bloomberg

Klarna Bank AB is raising funds valuing the Swedish fintech startup at around $31 billion, roughly tripling the company’s valuation after its most recent round in September.

The Stockholm-based company is raising around $800 million and up to $1 billion, the people said, adding the round could be announced in the coming days. Existing investors are participating ahead of a potential public listing next year, said the people, who asked not to be identified because the matter is private.