Klarna in talks with investors to raise more money -CEO

© Reuters. FILE PHOTO: A smartphone displays a Klarna logo on top of banknotes is in this illustration taken January 6, 2020. REUTERS/Dado Ruvic

By Supantha Mukherjee

STOCKHOLM (Reuters) – Swedish payments firm Klarna is in talks with investors to raise more money and has no plans to go public this year, Chief Executive Sebastian Siemiatkowski told Reuters Wednesday, two days after laying off 700 staff.

The company axed about 10% of its workforce on Monday, citing rampant inflation and the war in Ukraine worsening business sentiment.