SoftBank has led the Ant, Bestseller, Bonnier, CBA, H&M and Visa-backed consumer finance platform’s latest round at a reported $46bn valuation.

Sweden-based payment software provider Klarna secured $639m yesterday in a round led by internet and telecommunications firm SoftBank’s Vision Fund 2.

Adit Ventures, Honeycomb Asset Management and WestCap Group filled out the round, which valued the company at about $46bn, according to Reuters.

Founded in 2005 as Kreditor, Klarna runs a payment scheme that enables e-commerce customers to pay a month after their purchase or divide the expense into monthly instalments. It will use the cash for global expansion, having…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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