Less than a month after announcing strategic fundings from Visa and Brightfolk A/S, Klarna is back in the fintech headlines with news of a new strategic investment from a partnership advised by global investment firm, Permira. The partnership will acquire shares from a trio of existing shareholders – DST Global, General Atlantic, and Niklas Adalberth – in a transaction that will leave Adalberth as the only equity shareholder of the three. TechCrunch reports that the deal is worth between $225 million and $250 million, and estimates a valuation of $2.5 billion. They note further that Klarna has raised “somewhere in the region of $500 million in the last 7 weeks.”

Klarna CEO and co-founder Sebastian Siemiatkowski (pictured) put the new investment in the context of its recent brand new banking license, referring to the company’s growth from an innovator in enhancing the shopping experience to “a consumer-oriented and technology intensive bank.” Permira principal Andrew Young echoed Siemiatkowski’s sentiments, calling the company a “unique scale fintech innovator” for its work in e-commerce. “We see many vectors that will drive future success and with Sebastian, we look forward to supporting the company’s future organic, geographic, and acquisition growth strategies,” Young said.

Headquartered in Columbus, Ohio, Klarna demonstrated its technology at FinovateSpring 2012. The company provides payment solutions for 60 million consumers and 70,000 merchants transacting across borders. Participating in 18 markets around the world, Klarna supports direct payments, pay after delivery, and installment plans via a single-click “purchase experience” that gives shoppers a wider range of payment options. Founded in 2005 in Stockholm, Sweden, Klarna noted 50% growth in recorded transaction volumes in 2016 – including partnerships with 17,000 new merchants.