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SoftBank leads $640 million investment in Klarna, valuing buy-now-pay-later firm at $46 billion

Swedish fintech firm Klarna said Thursday that it raised $639 million in a new funding round led by SoftBank, valuing the company at $45.6 billion. Klarna is one of the largest providers of “buy-now-pay-later” services, which let people finance their shopping purchases interest-free over a period of monthly instalments. These services have become particularly popular since the coronavirus pandemic began.

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