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Klarna cuts fundraising targets as it mulls lower valuation
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Klarna Bank is considering raising fresh funds at a significantly lower valuation than it achieved a year ago, according to people familiar with the situation, a sign of the punishing environment for tech companies.
The Swedish payments firm is in talks with investors about a deal that could value the company at around $15bn, the people said, less than it was seeking just last month. The Wall Street Journal reported Klarna was in talks to raise up to $1bn at a low $30bn-range valuation. One of the people said the current talks...
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