SoftBank-backed fintech giant Klarna looks for new funds at lower valuation

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Klarna Bank is seeking to raise new funds that could value the fintech giant at almost a third less than the roughly $46bn valuation it achieved just under a year ago, according to people familiar with the matter, an example of the struggles facing the tech investing world.Klarna specialises in buy-now-pay-later services, a popular type of cash advance that competes with credit cards and lets customers pay for goods and services in instalments without paying interest.

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