Klarna Group Plc has filed for a U.S. initial public offering at a weak moment for company debuts, though the fintech player thinks it can offer investors more than just its buy-now-pay-later products.

Swedish digital payment firm Klarna has filed for an initial public offering (IPO) in the United States, seeking to raise at least $1 billion in a listing

Klarna is seeking to raise at least $1 billion in the IPO and is targeting a valuation of more than $15 billion in the listing. The company and some of its shareholders are selling shares in the offering.