Payment processing platform Klarna announced on Thursday it has formed a new partnership with Sweden-based cryptocurrency broker Safello. Klarna reported that the partnership it will allow the payment platform to enter the cryptocurrency industry.
“In recent months, Safello has experienced increased growth, both in new users and transaction volume. As part of strengthening its leading position and continuing its commitment to offer the widest selection of seamless payment options, Safello today launches Klarna Open Banking. Starting today, Safello’s more than 180,000 users will be able to directly purchase cryptocurrencies from their bank account, using Klarna’s intuitive and secure payment solution.”
While sharing more details about the partnership, Frank Schuil, CEO of Safello, stated:
“This is a match made in heaven. Klarna shares our vision of offering a superior user experience without compromising security and compliance. Besides, open banking is an exceptionally exciting area that will play a key role in our future plans.”
Philippe Rousseau, Senior Commercial Manager at Klarna, concluded:
“For over 15 years, Klarna has developed a mature and secure financial ecosystem that opens up a range of opportunities for increased innovation and competition. Safello is a textbook example of consumer-centric innovators who can leverage the strength of our developer-friendly open banking infrastructure and we are very much looking forward to the partnership.”
Founded in 2005, Klarna offers products and services to consumers and retailers within payments, social shopping, and personal finances. It enables consumers to make open payments quickly, easily, and securely; immediately, delayed, or in installments. Klarna works with over 205,000 retailers including in Germany H&M, Spotify, MediaMarkt, Expedia, Nike, and Deutsche Bahn.