Tagged: klarna

November 28, 2021 @ 11:53 pm By Omar Faridi  |  

Sweden’s Fintech Unicorn Klarna has seen its losses increase significantly during the first 9 months of this year, as costs surged considerably amid growing demand for flexible payment options like Buy Now, Pay Later (BNPL) services. The Stockholm-headquartered company is reporting a pre-tax loss of… Read More

November 24, 2021 @ 12:09 pm By Omar Faridi  |  

Klarna, an international retail bank, payments, and shopping service provider, has announced the addition of “Pay Now” to its range of payment options available in the United States. As noted in the update, this payment method should allow clients to make payments immediately and in… Read More

November 10, 2021 @ 6:12 pm By Tony Zerucha  |  

Venture fund Digital Horizon today launched its second venture fund with a target volume of $200 million. The first fund, which opened in 2019, is completing the investment stage and has so far returned 40 per cent annually to investors, the company said. Its portfolio… Read More

November 9, 2021 @ 7:42 am By Omar Faridi  |  

Klarna, the international retail bank, payments and shopping service with 90 million users across the globe, has officially launched operations in Ireland today. As mentioned in the announcement, Klarna will aim to empower Irish consumers with a better overall shopping experience and improved control, transparency… Read More

November 4, 2021 @ 11:19 am By Omar Faridi  |  

Klarna, the international payments provider and shopping platform, has unveiled its new all-in-one or comprehensive shopping app across Klarna markets. As the app economy grows, today consumers “face an increasingly cluttered and confusing landscape of e-commerce apps – this is frustrating and time-wasting for the… Read More

November 2, 2021 @ 7:48 am By Omar Faridi  |  

Klarna, an international retail bank, has entered an agreement to acquire PriceRunner. As mentioned in a release, PriceRunner will aim to bring new features in the form of product reviews, rich product discovery and price comparisons to the Klarna app in order to improve the… Read More

October 23, 2021 @ 2:04 pm By Omar Faridi  |  

Klarna, a global retail bank, payments and shopping service, is bringing its signature experience to the travel sector with the acquisition of Inspirock, an online trip planner that enables consumers to explore a destination’s offerings and “create personalized itineraries utilizing local expertise and artificial intelligence.”… Read More

October 18, 2021 @ 8:41 am By JD Alois  |  

Klarna, a neobank and payments platform, has announced the addition of the ability to “Pay Now” for UK customers alongside the option to pay overtime or Buy Now, Pay Later (BNPL) service. Klarna said it took these actions after being informed by the UK Financial… Read More

October 8, 2021 @ 12:54 pm By Omar Faridi  |  

FreedomPay, a consumer-focused commerce platform, has performed an integration with Klarna, the international retail bank, payments and shopping service. Beginning today (October 7, 2021), FreedomPay’s US merchants may provide Klarna’s interest-free payment services at checkout in-store, which should help with boosting sales and “bringing added… Read More

October 4, 2021 @ 10:17 pm By Omar Faridi  |  

QisstPay, which is one of Pakistan’s first Buy Now, Pay Later (BNPL) services, recently revealed that they’ve secured $15 million in capital as part of their seed and pre-seed rounds with “a mix of equity and debt.” MSA Capital reportedly led QisstPay‘s investment round, with… Read More

September 12, 2021 @ 7:27 pm By Omar Faridi  |  

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

September 12, 2021 @ 11:37 am By Omar Faridi  |  

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

September 1, 2021 @ 7:43 am By Omar Faridi  |  

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

August 25, 2021 @ 8:15 am By Omar Faridi  |  

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

July 5, 2021 @ 11:46 am By JD Alois  |  

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

June 29, 2021 @ 8:23 am By Omar Faridi  |  

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

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

May 18, 2021 @ 8:09 pm By Omar Faridi  |  

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