Klarna, a Stockholm, Sweden-based alternative payment provider, raised €90m.
The round was led by Klarna’s founders, with participation from existing investors Sequoia Capital, General Atlantic and Atomico.
The company used the funds to finance the acquisition of SOFORT, which was completed in early March.
Founded in 2005 by Sebastian Siemiatkowski, CEO, Klarna provides services to allow consumers to receive the goods and pay afterwards, while it assumes the credit and fraud risks for the merchants.
In 2014, it joined forces with SOFORT and formed Klarna Group, whose services are now used by over 25 million consumers and 45,000 online retailers across 14 European countries.
The group, which has processed more than 140 million transactions, has more than 1000 employees and is active on 14 markets.