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Europe Fintech Giant Klarna Considers Raising Fresh Funds

  • Klarna could target potential valuation of $50-60 billion
  • Payments firm also explores raising debt financing from banks
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Swedish payments firm Klarna Bank AB is weighing plans to raise new money in a funding round that would cement its status as Europe’s most valuable startup, people familiar with the matter said.

The Stockholm-based company is likely to attract sovereign wealth and pension funds as new investors, the people said, asking not to be identified discussing confidential information. Klarna could potentially fetch a valuation of roughly $50 billion to $60 billion based on preliminary estimates, though it hasn’t finalized a precise target, the people said.