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Klarna reportedly raising new funding at $40 billion valuation

The "buy now, pay later" company is a potential IPO candidate.

Klarna reportedly raising new funding at $40 billion valuation

Klarna is raising new funds ahead of an expected initial public offering.

Photo: Hollie Adams/Bloomberg via Getty Images

Klarna is reportedly close to raising new funding that would boost the buy-now-pay-later company's valuation to more than $40 billion.

The round includes an investment from SoftBank, according to reports from CNBC and Business Insider.

The reported funding reflects the momentum of the Swedish fintech which just raised $1 billion in funding in March at a valuation of $31 billion. The investment also underscores the growth of the "buy now, pay later" industry which also recently got a boost from the successful IPO of Affirm in January.
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