Archives

June 22, 2021 @ 1:35 pm By Tony Zerucha  |  

Buy now pay later (BNPL) startup Klarna’s second raise of 2021 has it valued at close to 50 percent above its post-raise valuation in March. It now sits at $45.6 billion. The latest raise brought in another $639 million and was led by SoftBank’s Vision… Read More

June 7, 2021 @ 1:24 am By Priyanka Pani  |  

Swedish Fintech startup Klarna Bank AB is apparently considering a share listing in the U.S. market. According to a Bloomberg report, Klarna is likely to choose the U.S. market even as the U.K. authorities continue to scrutinize the buy-now-pay-later startups in the region.  In the… Read More

May 25, 2021 @ 3:45 pm By Samantha Hurst  |  

  Payment processing and global retail banking platform Klarna announced on Tuesday it has appointed Roger W. Ferguson to its Board of Directors. According to Klarna, Ferguson is the former Vice President of the Board of Governors of the U.S. Federal Reserve System, as well as… Read More

April 23, 2021 @ 6:38 am By Samantha Hurst  |  

    Payment processing and global retail banking platform Klarna announced on Friday it has teamed up with Milkywire, a new digital platform for enabling impact through grassroots NGOs, as its strategic partner for its Give One initiative. Klarna reported that as part of the program, it will… Read More

March 22, 2021 @ 3:38 pm By Samantha Hurst  |  

  Jane, a U.S.-based e-commerce curated boutique marketplace, recently announced it has integrated with payment processing and global retail banking platform Klarna to offer customers Klarna’s pay in four solutions at checkout. Jane shoppers will now have the ability to purchase the latest in women’s fashion… Read More

March 3, 2021 @ 2:18 pm By Samantha Hurst  |  

  Payment processing and global retail banking platform Klarna announced on Wednesday it has expanded its open banking solution to eight more  European countries. The countries are  Portugal, Denmark, Luxembourg, Ireland, Croatia, Estonia, Lithuania, and Latvia. According to Klarna, the solution processes more than 150 million transactions per year, offers third-party providers access to… Read More

March 1, 2021 @ 8:03 am By Samantha Hurst  |  

  Payment processing and global retail banking platform Klarna announced on Monday it secured $1 billion through its equity funding round to accelerate international expansion and further capture global retail growth. Klarna revealed that the round, which subscribed four times the amount it originally sought to raise, included… Read More

February 18, 2021 @ 9:28 pm By Samantha Hurst  |  

  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… Read More

February 10, 2021 @ 8:06 am By Samantha Hurst  |  

    Payment processing platform Klarna announced on Wednesday it is launching consumer bank accounts in Germany, with the aim to provide them with further control of their finances. Klarna reported that the launch marks a first for the company and will allow customers to easily… Read More

December 15, 2020 @ 9:43 am By Samantha Hurst  |  

  Payment processing platform Klarna announced on Tuesday it has formed a new partnership with payments and commerce solution platform Verifone. Klarna reported that through the partnership it will be available as the buy now pay later solution to millions of Verifone devices in the U.S…. Read More

November 30, 2020 @ 12:20 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Monday the launch of  Livestyle, which is a live fashion show powered by Bambuser’s proprietary Live Video Shopping technology. Klarna claimed that Livestyle is the first of its kind in the western world and fully in line the company’s… Read More

November 20, 2020 @ 8:20 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has reached a record 11 million customers in the U.S. Klarna reported that the latest milestone represents a 106% increase year over year and a rapid climb from the 10 million reached only three weeks before. Founded in… Read More

November 19, 2020 @ 2:07 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Thursday it has expanded its in-store payment services to more than 60,000 stores nationwide, including various popular retail brands such as H&M, O.N.S. Clothing, The North Face and Timberland. According to Klarna, customers are now able to make purchases… Read More

October 26, 2020 @ 3:20 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Monday it has formed a new partnership with video game retailer, GameStop.  This news comes just days after Klarna announced its partnership with Etsy. While sharing details about the partnership,  David Sykes, Head of U.S. at Klarna, stated: “Recognizing… Read More

October 6, 2020 @ 10:38 am By Samantha Hurst  |  

  Payment processing platform Klarna announced on Tuesday it has formed a five-year partnership with the American department store, Macy’s. Through the collaboration, Macy’s will offer customers the ability to pay in four equal, interest-free installments at online checkout as part of enhanced shopping experience. “Within… Read More

September 15, 2020 @ 7:54 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday it secured $650 million through its latest equity funding round, bringing its money valuation to $10.65 billion. The funding round is led by Silver Lake Founded in 2005, Klarna offers products and services to consumers and retailers within payments, social… Read More

September 9, 2020 @ 9:51 am By Omar Faridi  |  

Sweden’s Buy Now, Pay Later firm Klarna is reportedly planning to secure $500 million in capital via an investment round which could double its valuation to around $10 billion, according to a recent report from Reuters (which cited sources familiar with the matter). Klarna had… Read More

September 7, 2020 @ 8:01 am By Samantha Hurst  |  

Payment processing platform Klarna announced on Monday the launch of its newly redesigned social shopping mobile app in the UK. According to Klarna, the app has been designed to meet the “shifting expectations” of consumers as they adapt from shopping in-store to online. “The app will… Read More

August 27, 2020 @ 2:56 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday it has added one million new consumers in the U.S. in just three months.  The company reported it has also seen strong growth momentum in its retail partnerships in the US, which have grown by more than 158% year… Read More

August 11, 2020 @ 12:04 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Tuesday it is introducing Google Pay for in-store purchases in the US. Klarna reported that Sephora, Journeys, and rue21 are among the first Klarna merchant partners to offer Google Pay, in addition to Apple Pay, for in-store purchases. The option… Read More