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Klarna raised $639 million at a $46 billion valuation

Klarna raised $639 million at a $46 billion valuation
Photo: Hollie Adams/Bloomberg via Getty Images

"Buy now, pay later" company Klarna raised $639 million at $45.6 billion valuation, it announced Thursday.

The deal was led by SoftBank, and came just months after Klarna raised $1 billion at a $31 billion valuation.

The news of the latest deal came just as competitor Affirm announced a partnership with Shopify.

Correction: This article was updated on June 10 with corrected information about the fundraising deal.

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