Few private companies have benefited more during a pandemic than Klarna Bank AB. Consumers rush to special lenders, which allows shoppers to split payments for things they order online. Klarna’s value skyrocketed to $46 billion from $5.5 billion in just two years.
Time has changed. The loss-making startup has burned through some of the money it raised in recent years and is now looking for new funding. According to people familiar with the company, part of the reason the company needs more capital is to meet the stricter capital requirements of Swedish banks.
