"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.