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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.
 Benjamin Pimentel

Benjamin Pimentel ( @benpimentel) covers crypto and fintech from San Francisco. He has reported on many of the biggest tech stories over the past 20 years for the San Francisco Chronicle, Dow Jones MarketWatch and Business Insider, from the dot-com crash, the rise of cloud computing, social networking and AI to the impact of the Great Recession and the COVID crisis on Silicon Valley and beyond. He can be reached at bpimentel@protocol.com or via Google Voice at (925) 307-9342.

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