Klarna has secured $2.5 billion in new funding in a round led by SoftBank Vision Fund 3, according to Reuters. The Swedish buy-now-pay-later company was valued at about $15 billion in the transaction, marking a major boost for one of Europe’s best-known fintech firms.

The deal comes as investors show renewed interest in consumer finance and payments businesses after a period of tighter funding conditions for the sector. Klarna has long been viewed as a bellwether for the broader BNPL market, which expanded rapidly during the pandemic and later faced scrutiny over consumer debt risks and slowing growth.

SoftBank’s lead role in the round underscores continued appetite for large technology bets, even as the market remains selective. For Klarna, the fresh capital provides more room to support its operations, product development, and push to strengthen its position in digital payments and online shopping finance.

The financing also signals that late-stage fintech companies can still attract substantial backing when investors see a path to scale and profitability. Klarna’s latest valuation remains well below its 2021 peak, but the round suggests confidence that the company can continue to compete in a crowded global payments market.