FILE PHOTO: A smartphone displays a Klarna logo on top of banknotes is in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo
STOCKHOLM (Reuters) -Swedish payments firm Klarna has raised $639 million from a group of investors led by SoftBank's Vision Fund II, lifting its valuation to about $46 billion - higher than several of the region's major banks.
Klarna, which allows shoppers to buy online through its merchant partners and settle their dues in instalments via "buy now, pay later" (BNPL), became Europe's most valuable startup in March when a $1 billion fundraising valued it at $31 billion.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
