Sources: Klarna is nearing a deal to raise about $650M mostly from existing investors led by Sequoia Capital at a valuation of ~$6.5B, down from $45.6B in 2021 (Wall Street Journal)

Wall Street Journal:
Sources: Klarna is nearing a deal to raise about $650M mostly from existing investors led by Sequoia Capital at a valuation of ~$6.5B, down from $45.6B in 2021  —  The deal would be a huge comedown for the company, which investors valued at $45.6 billion in 2021