Swedish payments firm Klarna buys Germany`s BillPay

STOCKHOLM Swedish payments firm Klarna, one of Europe’s most highly valued tech startups, said on Monday it is buying German online payment company BillPay.

“Germany is one of the largest e-commerce markets in the world, and we are delighted to have strengthened our position here with this acquisition,” Klarna said in a statement.

BillPay has over 140 employees, offering services in Germany, Austria, Switzerland and the Netherlands.

(Reporting by Olof Swahnberg- Editing by Daniel Dickson)