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.