Tagged: klarna

Fintech Klarna Introduces Conscious Badges Enabled by Clarity AI, the Assessment of Electronics Brands’ Environmental Achievements

Klarna, a global payments provider and shopping service, announced the launch of conscious badges in the Klarna App in collaboration with Clarity AI, the global sustainability tech platform. Klarna continues “to evolve beyond payments to become a starting point for every purchase for 150 million… Read More

Gen Z Budgeting App Buddy, Klarna Kosma to Enable Automatic Budget Tracking

Buddy, which claims to be one of the most popular budgeting apps in the world for Gen Zers and young people, has partnered with Klarna Kosma, Klarna Kosma, Klarna’s financial technology platform for banks, fintechs and innovative retailers, “to allow Buddy users to connect their… Read More

BNPL: Klarna Reports Soft Quarter, Loses Almost $1 Billion for the Year

Klarna, a buy now pay later platform, posted 4th quarter and full year 2022 results yesterday. Pointing to a challenging market, Klarna shared that it had lost SEK 10.4 billion (about $1 billion) for the year and lost SEK 1.9 billion (about $182 million) during… Read More

Fintech Klarna Reports Steady Growth of US Operations

Klarna, the global firm focused on the generational shift away from credit cards, announced strong momentum in the US, “with a 71% YoY increase in GMV, while improving credit loss rates by 37%.” Now with 34 million consumers in the US, the market has “become… Read More

Klarna Introduces Money Story, an Overview of Clients’ Spending in 2022

Klarna, which claims to be the global leader in the generational shift away from credit cards,  announced the launch of Money Story in the US Klarna App – “a personal spending summary of 2022 that provides millions of consumers with useful insights into their spending… Read More

Fintechs Citcon, Klarna to Provide Flexible Payment Solutions Worldwide

Citcon, the “one-stop” service global payment platform in providing in-store, online, and mobile payment solutions, and Klarna, which claims to be the global leader in the generational shift away from credit cards, announced an integration and business partnership which will add Klarna as a featured… Read More

Fintech Ingenico, Klarna to Enable Alternative Payment Solutions at Retailers

Ingenico, which claims to be a global leader in payments acceptance solutions, and Klarna, the “leader” in the generational shift away from credit cards, announced a partnership that will facilitate the roll out of Klarna’s flexible payment options “at the point of sale using PPaaS,… Read More

Swedish Fintech Krea Makes SME Loans Accessible with Klarna Kosma

Klarna Kosma, Klarna‘s financial technology platform for banks, Fintechs, and innovative retailers, announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden “has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower… Read More

CFPB on BNPL: Uneven Disclosures and Protection for Consumers

The Consumer Financial Protection Bureau (CFPB) has published a report on the buy now – pay later (BNPL) industry, criticizing the sector of Fintech as having “uneven disclosure and protections” for borrowers. The CFPB noted that BNPL rocketed higher by almost 10X the amount in… Read More

Checkout.com Makes Authentication Enhancements to Enhance Payment Performance

Checkout.com, the cloud-based payments service provider, announced updates to its Authentication product “to help merchants combat fraud and optimize their revenues, with an evolving toolkit of products and features to help merchants navigate the rapidly evolving landscape.” Checkout.com’s enhancements to its Authentication solution “comes at… Read More

Berlin’s Airbank to Utilize Klarna’s Open Banking Platform

Klarna Kosma, which is Klarna‘s financial technology platform for banking institutions, Fintech firms and retailers, announced its working relationship with Airbank, a digital financial management platform for companies. Klarna Kosma’s Open Banking platform offers Airbank with access to the largest international network of banks, considerably… Read More

Not as bad as Klarna but still: Stripe Gets 28% Haircut in Valuation

Stripe, a very popular payments platform and evolving Fintech, has taken a hit on its valuation, echoing other firms that have had to reduce values to raise money. According to WSJ.com, Stripe slashed its private per share price from $40 to $29 or $95 billion… Read More

Blackhawk Network and Fintech Klarna to Offer Customers Flexible Payments

A new partnership between global branded payments provider, Blackhawk Network, and global retail bank, payments, and shopping service, Klarna, will extend the ability for consumers “to use Klarna’s interest-free alternative payment solutions at a variety of physical retail locations.” As consumers expect increased flexibility in… Read More

Klarna Closes $800 Million Round at “Post Money” Valuation of $6.7 Billion, Previously Valued at $45.6 Billion

As was previously reported, Klarna has raised $800 million in funding but at an even lower valuation. Klarna raised the capital at a “post-money” valuation of $6.7 billion. This is a profound drop in valuation as Klarna was valued at $45.6 billion in the not-so-distant… Read More

Huge Haircut: Klarna to Raise Money at $6.5 Billion, Down from Whopping $45.6 Billion Valuation

  Multiple reports are indicating that Fintech lender and digital bank Klarna will be raising new capital at a $6.5 billion valuation. This is a huge haircut from its last valuation which saw the firm raise money at a whopping $45.6 billion. It was reported… Read More

Klarna App Is Enhanced with Digital Wallet for Quick Access to Loyalty Cards

Klarna, a digital bank, payments, and credit provider, announced the launch of its new Loyalty Card feature in the Klarna App. This allows app users “to store and access their physical loyalty cards as digital versions.” They can then “collect all points and benefits at… Read More

Klarna Facing a Down Round as it Seeks More Funding: Report

Klarna, a European buy now – pay later (BNPL) platform that has experienced rapid growth, is planning to raise additional funding in a down round that may be a warning sign for the entire BNPL sector. According to a report by WSJ.com, Klarna is aiming… Read More

Klarna, Marqeta Partner on Visa Card

Marqeta (NASDAQ:MQ) has announced a new partnership with European Fintech Klarna, a buy now – pay later (BNPL) provider. According to a statement by Marqeta, Klarna will use it to issue the Klarna Card, enabling its customers in the US to pay anywhere using Klarna’s… Read More

BNPL: Fitch Worries About Klarna as CEO Announces Layoffs

Klarna, a global online lender in the hot buy now – pay later sector (BNPL) that only recently announced topping 150 million consumers, has issued a stark warning about the current economic environment. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, has shared “bad news” with its… Read More

Fintech Klarna Tops 150 Million Consumers

Klarna, a European Fintech that also operates in North America (and an HQ in Columbus, Ohio), is reporting topping 150 million consumers. Klarna is mainly a payments provider including buy now – pay later (BNPL) services that cater to both businesses and individuals. Klarna describes… Read More

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