Payment processing platform Klarna announced on Thursday it has formed a new partnership with beauty retailer Sephora to allow customers to pay for their beauty products in four equal payments with no interest.
Speaking about the collaboration, Kim Stromberg, Vice President and General Manager of e-Commerce at Sephora, stated:
“With Klarna, we can continue to provide our clients the seamless shopping experience they know and love while increasing flexibility in our checkout offerings.”
Sebastian Siemiatkowski, CEO at Klarna, added:
“Sephora is the unparalleled global leader in beauty and has built a reputation of providing an outstanding shopping experience. We are thrilled to partner with Sephora to ensure that clients are able to shop for the beauty brands and essentials they love with a new level of financial flexibility.”
Founded in 2005, Klarna offers a range of products within payments, shopping, and personal finances to make it easier for people to shop on and offline, including buy now pay later services, in-store payment solutions, and a new direct-to-consumer shopping app. Klarna is now powering more than 200,000 retailers globally, which includes Luxottica, Calzedonia, Alitalia, H&M, ASOS, Peloton, Abercrombie & Fitch and Samsung.