Tagged: klarna

After Revolut, UK’s Digital Bank Monzo May Be Entering Fast-Growing Buy Now Pay Later Market

UK-based digital banking platform Monzo, which is under investigation for possible money laundering activity and posted £130m in losses, is reportedly planning to enter the fast-evolving Buy Now, Pay Later (BNPL) sector. As first reported by the Evening Standard, two different sources noted that the virtual… Read More

Women Returners and Innovate Finance Establish Cross-Company Return Program for Fintech Professionals

Women Returners and Innovate Finance have teamed up to establish a cross-company returner program, which aims to encourage professionals to try re-entering the Fintech industry after long-term or extended career breaks. UK’s digital bank Starling, Fintech Unicorn Klarna and PrimaryBid will reportedly take part in… Read More

Fintech Klarna Partners with Global-e to Offer Flexible Payment Options to US, UK, Australia Clients

Klarna, an international retail bank, payments, and shopping service, and Global-e (NASDAQ: GLBE), a cross-border digital commerce platform, have extended their partnership to provide  flexible payment methods to clients across the US, UK, France, Spain, Italy, and Australia. Klarna‘s payment services will be accessible to… Read More

Fintech Westpay and Retail Bank Klarna Enter Agreement to Expand Klarna’s Payment Services

Fintech firm Westpay AB, and Klarna AB, a global retail bank, payments, and shopping service, have entered an agreement aiming to further expand the reach and “footprint” of Klarna’s payment services. As mentioned in a release, Westpay will now be integrating Klarna’s payment offerings, “making… Read More

Klarna Being Investigated by Regulator for Apparent Security Breach

Klarna, a top European Fintech, is under investigation by the Swedish regulator Finansinspektionen for a possible security breach and transgression of the bank secrecy act. In a statement by Finansinspektionen, the financial regulator referenced an “IT incident” that took place in May 2021 where customers… Read More

BNPL Fintech Klarna Selects Embedded Finance Platform Liberis to Provide Revenue-based Financing to E-Commerce Clients

Fintech firm Klarna has chosen embedded business finance platform Liberis in order to help it with providing its digital commerce customers with revenue-based financing options. The deal between Liberis and Klarna will see the BNPL Fintech company’s 250,000+ merchant partners in 17 different countries provided… Read More

Klarna’s Second 2021 Raise Sees Valuation Top $45B

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

Klarna Bank eyes U.S listing as U.K regulators review ‘buy now pay later’ sector

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

Klarna Appoints Roger W Ferguson to Board of Directors

  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

Buy Now Pay Later Services Pose Serious Risks to Consumers, May have Unclear Terms and Conditions: Report

Buy Now, Pay Later (BNPL) services are becoming increasingly popular across the globe. The BNPL market is valued at around £2.7 billion in the United Kingdom. Although postponing payments might appear to be useful for security and in many instances provides other benefits depending on… Read More

Klarna Unveils Small Business Impact Initiative to Help SMEs to Recover From the COVID-19 Pandemic

      Payment processing and global retail banking platform Klarna announced on Monday it has launched a small business impact initiative to help small and medium-sized enterprises (SMEs) recover from the COVID-19 pandemic. Klarna reported it is donating $4.5 million in free services to SMEs… Read More

The Financial Technology Association Names Klarna, Truework, Nium & Sezzle As New Members

Financial Technology Association (FTA), a trade body for the technology-centered financial services industry, announced on Monday that Klarna, Truework, Nium, and Sezzle have become its newest members. As previously reported, FTA said it believes the successful integration of Fintech solutions in the American financial system… Read More

Klarna Teams Up With Digital Platform Milkywire for “Give One” Initiative

    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

Klarna Unveils Carbon Footprint Insights Pledging 1% to Initiatives Supporting Planet Health

    Payment processing and global retail banking platform Klarna announced on Tuesday the launch of carbon footprint insights for all shopping purchases as part of its 1% pledge, involving the donation of $10 million to initiatives supporting planet health. According to Klarna, the feature will introduce an… Read More

Regulators are As Concerned about Consumer Preference in Debt Collection as Creditors, TrueAccord Exec Reveals

Regulators care “as much about consumer preference in debt collection as creditors,” according to Kelly Knepper-Stephens, Vice President Legal & Compliance at TrueAccord, a Fintech that aims to transform debt collection into “a pathway toward financial health.” Kelly, who’s based in the San Francisco Bay… Read More

E-Commerce Marketplace Jane Announces Integration With Klarna to Offer Flexible Payment Options

  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

Klarna Expands Suite of Marketing Products & Services Designed to Provide Retailers With More Tools to Drive Consumer Demand

  Payment processing and global retail banking platform Klarna announced on Tuesday it has launched an expanded suite of marketing products and services designed to provide retailers with even more tools to drive consumer demand, and acquire, convert, and retain customers. This announcement comes less than… Read More

Klarna Expands: Releases Open Banking Solution to Eight More European Markets

  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

Klarna Secures $1 Billion Through Latest Equity Funding Round to Accelerate International Expansion & Further Capture Global Retail Growth; Brings Valuation to $31 Billion

  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

Global Fintech Investment Activity Recovered Strongly in H2 2020 after COVID-related Slowdown, $105B Raised via 2,861 Deals

Pulse of Fintech H2’20, a bi-annual report on international Fintech investment developments released by KPMG, notes that global Fintech funding across mergers-and-acquisitions (M&A), private equity (PE) and venture capital (VC) stood at $105 billion across 2,861 different deals in 2020. This was reportedly the third-highest… Read More

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