The money will be used to continue building out the range of BNPL-type services that it provides to organisations buying goods to run their businesses, both in Europe and further afield. London’s Dawn Capital, a specialist in B2B startups, led the round, with internet player Tencent and Klarna also participating; previous backers Creandum, Speedinvest, Picus, and GFC are also in the round.
Klarna’s investment comes on the back of a strategic deal between it and Billie. The two are integrating their services, and it will mean that in cases where Billie has a stronger payments relationship, but a consumer transaction arises, Klarna will handle the sale; and in cases where Klarna is present but Billie is not, and a business is doing the buying, Billie’s services will kick in.
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