Tencent and Klarna backed the business-facing buy now, pay later service at a $640m valuation, pushing its overall funding past $150m.

Germany-based online lending platform developer Billie secured $100m today in a series C round featuring internet and gaming group Tencent and consumer finance provider Klarna.

Venture capital firm Dawn Capital led the round and was also joined by Creandum, Speedinvest, Picus Capital and Global Founders Capital. The round valued it at $640m.

Founded in 2016, Billie provides a payment and invoicing platform for the business-to-business (B2B) market that allows businesses to buy products before paying for them.

The funding will…

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Fernando Moncada Rivera

Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
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