Swedish startup Klarna raises funds from SoftBank at $45.6 bn valuation

Klarna in March raised $1 billion at a valuation of $31 billion, tripling its price from a previous round in September.

Klarna Bank AB is raising fresh funds led by SoftBank Group Corp. that value the Swedish fintech startup at $45.6 billion, just months after two separate investment rounds have sent the company’s valuation soaring.

The Stockholm-based company, which is already Europe’s most valuable startup, raised $639 million in new equity funding, it said in a statement on Thursday.

“I’m very proud of the investors who are supporting Klarna’s ambition to challenge these outdated models” of revolving credit, said Sebastian Siemiatkowski, the company’s founder and chief executive.

Klarna in March raised $1 billion at a valuation of $31 billion, tripling its price from