Klarna seeking new funds at close to $50 bln valuation

Swedish payments firm Klarna is close to raising a new round of funding from a group of investors including SoftBank that could lift the company’s valuation close to $50 billion, three sources told Reuters.

The latest fundraising is expected to be Klarna’s final private round before the fintech giant, Europe’s most valuable startup, sets the stage for a blockbuster stock market listing, two of the sources said.

Read more: Reuters