Klarna Raises $639 Million, Eyes International Expansion

Klarna, the Swedish buy now, pay later (BNPL) payment provider, raised $639 million in its latest funding round, taking the fintech’s valuation to $45.6 billion, according to the company’s June 10 press release. The company has raised $3.7 billion since its inception in 2005, according to Crunchbase. The funding round was led by Japan’s Softbank Vision Fund 2, with Adit Ventures, Honeycomb Asset Management, and WestCap Group joining in. The company didn’t disclose the specific amount raised from individual investors and how much equity they hold. Klarna aims to use the funds to fuel its international expansion efforts, seeking to further capture global retail opportunities and provide more in-store payment options. Read more at Retail Dive.