Klarna Faces Valuation Drop to $30 Billion as Seeks Funding (1)

Klarna Bank AB is looking to tap investors for more cash in a move that would reduce its valuation by about a third, according to people familiar with the matter.

The Swedish fintech company, which was valued at $46 billion last June, would be worth about $30 billion under its latest plans, said the people, who asked not to be named because the process isn’t public.

Klarna is seeking about $1 billion in its new funding round, according to the Wall Street Journal, which reported the plan earlier. In February, Bloomberg News reported that Klarna was exploring a valuation of ...