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
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 (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
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
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
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
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 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
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
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
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
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
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
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
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
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
Payment processing platform Klarna announced on Tuesday it has appointed Michael Moritz, partner at Sequoia Capital, as the Chairman of the Klarna Board of Directors and the appointment of three new members to the board: Omid R. Kordestani, former Executive Chairman of Twitter, Lise Kaae of… Read More
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
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
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
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