Klarna is in discussions to raise more than $1 billion in new financing, a move that would value the Swedish fintech company at roughly $15 billion, according to people familiar with the matter.

The possible round suggests investors still see room for growth in the buy-now-pay-later lender, even after a volatile stretch for fintech valuations across global markets. Klarna has spent recent years navigating shifting interest rates, tougher funding conditions and a broader reset in technology pricing.

A deal at the reported valuation would mark an important checkpoint for one of Europe’s best-known fintech firms. Klarna has remained a closely watched name in consumer finance as it works to balance expansion with a push toward profitability.

The talks are ongoing, and the final size and terms of the financing could still change. Reuters reported that the company is weighing fresh capital as it continues to position itself for longer-term growth in a more disciplined investment climate.