Billie raises $100 million

The "Buy Now, Pay Later" provider Billie has secured funding from investors such as Dawn Capital, Klarna and Tencent.

Fintech Billie has raised 100 million US dollars in its new financing round. The British investor Dawn Capital led the round. The Swedish payment provider Klarna and the Chinese group Tencent also joined in. Other investors include Creandum, Speedinvest, Picus and GFC. The fintech's total valuation rose to 640 million US dollars.

Billie has also secured loans amounting to 200 million US dollars per month. Around 100 million comes from Vereinigte Volksbank Raiffeisenbank under the management of Ralf Magerkurth, as reported by Finanz-Szene. Raisin Bank and Varengold Bank are also providing financial resources.

Billie intends to use the funding to expand internationally and improve its digital business experience. Founded in 2016 by Christian Grobe, Matthias Knecht and Aiga Senftleben, the start-up Billie offers the "Buy Now, Pay Later" payment method. It allows customers to buy goods immediately and pay later. Since the beginning of October, Billie has been cooperating with Klarna to offer the payment method to business customers as well.