Companies

Klarna ‘Wikipink’ Challenges Broken US Credit System With Transparent Data

Klarna

"Klarna announced in an industry-first, the launch of a new online initiative - Wikipink - aimed at setting new standards for transparency and responsibility in the credit and lending industry. Klarna challenges the status quo by revealing comprehensive data on its services, including repayment rates, late fee rates, and consumer age demographics, highlighting its commitment to fair and sustainable credit solutions."

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Companies

Klarna Challenges UK Banks With Transparent Consumer User Data Revealing 95% of Payments Paid on Time or Early

Klarna

"Klarna announced Wikipink, an industry-first data hub with facts on how UK consumers are using Klarna’s credit products. Amid growing scrutiny over the practices of credit providers and increasing credit card debt in the UK, Klarna revealed comprehensive data on repayment rates, debt-collection, defaults and consumer age demographics."

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Companies

Klarna Adds Open Banking Settlements for 18 Million Consumers and 32,000 Retailers

Klarna

"Klarna has begun to roll out open banking-powered settlements in the UK, which means consumers can now pay Klarna directly from their bank account instead of using a debit card, bypassing card networks."

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Companies

Klarna AI Assistant Handles Two-Thirds of Customer Service Chats in Its First Month

Klarna

"Klarna announced its AI assistant powered by OpenAI. Now live globally for 1 month, the numbers speak for themselves..:"

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Companies

Buy Now, Pay Early: 97.4% of Klarna Black Friday Purchases Paid off on Time or Early [UK]

Cision

"Klarna, the AI-powered global payments provider and shopping assistant, has revealed UK consumers paid off 97.4% of Black Friday orders on time or early, an increase of 2% compared with last year."

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Companies

Klarna Enters Booming Subscription Market With the Launch of Klarna Plus in the US

Klarna

"Klarna, the AI powered global payments network and shopping assistant, today announced its entry into the subscription service model with the launch of Klarna Plus, issued by WebBank, now available to eligible US consumers through the Klarna app for a monthly fee of $7.99."

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Companies

Adyen to Act as Acquiring Bank for Klarna, Starting 2024

Finance Magnates

"In a move to “simplify payments”, the financial technology platform Adyen, has announced that it is expanding its partnership with Klarna, an AI-powered global payments network."

Tags: Adyen Klarna

Companies

Form3 to Support Klarna’s European Payments

Fintech Finance News

"Form3, the cloud-native account-to-account platform, announced it will be providing Klarna, the AI-powered payments network and shopping assistant, with SEPA connectivity to bolster its customer offering in Europe as part of its wider international growth strategy."

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Companies

Klarna Expands Growth Tools for Retailers and Creators Through Global Rollout of Creator Shops and Ads Manager

PR Newswire

"Klarna announced the expansion of its growth tools for retailers and creators to help them engage with their audiences in more effective ways and enhance the shopping experience for consumers."

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Companies

British Rival Klarna Valued at £1.65bn After Securing eBay Backing

Business News

"Zilch chief executive Philippe Bellament said the company was looking to ‘double sales, triple revenues and fivefold gross profit’ in the financial year to March 2023. A British rival to Swedish buy-now-pay-later (BNPL) giant Klarna has secured an investment from eBay in a deal valuing it at $2bn (£1.65bn)."

Tags: eBay Klarna Zilch

Companies

Klarna Taps AI for Human Shopping Experience in Major Autumn Launch

PR Newswire

"Klarna, the AI-powered global payments network and shopping assistant has today unveiled a treasure-trove of 13 new products as part of its Spotlight Fall launch."

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Companies

As Klarna Aspires to be a Global Bank, Affiliate Marketing is its Cash Cow

Sifted

"Last week, Swedish buy now, pay later (BNPL) scaleup Klarna brought 4,000 employees together in Stockholm; social media showed people dressed up in bandanas or Klarna pink — there were even a few Minions."

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Companies

Klarna Scraps Open Banking Brand Klarna Kosma

Tech.eu

"Klarna has scrapped its open banking brand Klarna Kosma after less than 18 months. The Swedish BNPL giant launched Klarna Kosma as a brand and business unit in April last year, saying it represented a “major strategic move”."

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Companies

Klarna is First BNPL Provider to Partner with Money Adviser Network to Provide Customers with Fast, Free Debt Advice

Klarna

"Klarna, the global payments network and shopping destination, today announced a partnership with the Money Adviser Network to help its consumers access free and impartial debt advice quickly, as part of wider efforts to promote healthy spending. This makes Klarna the first Buy Now Pay Later (BNPL) provider to join forces with the Money Adviser Network."

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Companies

Karma Wallet Announces Partnership with Marqeta to Launch Sustainable Prepaid Debit Card, Empowering Eco-Conscious Consumers with Seamless Payment Experience

PR Newswire

"Karma Wallet, a sustainable fintech platform, today announced a partnership with Marqeta, a global modern card issuing platform, to launch a prepaid debit card solution, which will empower consumers to make a positive impact on the world while managing their finances."

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Companies

Klarna Keeps Looking for Non-BNPL Features to Maintain Growth

Insider Intelligence

"Klarna is on the hunt for new product features and expanding into different industries to become more than just a payments company as it feels the financial squeeze on buy now, pay later (BNPL) firms."

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Companies

Klarna CEO on How AI Will Make Online Shopping More 'Emotional'

Yahoo News

"Swedish fintech firm Klarna has evolved from a buy now, pay later venture to an AI-powered payments and e-commerce company. Sebastian Siemiatkowski, co-founder and CEO, is leading the transformation, including talks on partnering with Perplexity, an online search engine enhanced by artificial intelligence."

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Companies

Klarna Unveils New Tools Enabling Consumers to Shop More Consciously and Take Climate Action

PR Newswire

"Klarna, the AI powered global payments network and shopping destination, today unveiled new tools enabling consumers to make more informed purchasing decisions and take action for the planet, including a top-up donations feature and expanded CO₂e emissions tracking insights within the Home & Gardens and Jewelry & Accessories categories."

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Companies

Klarna Launches UK’s First Credit ‘Opt Out’ After Meeting with MP

Klarna

"Klarna, the global payments network and shopping destination, has today launched the UK’s first voluntary credit ‘opt out’, an additional tool in the Klarna app to help consumers save time, money and worry."

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Companies

Retail Revolution: New Data Reveals Next Generation of Shoppers Ready for AI, AR and Robots!

Klarna

"New data released today by Klarna, the global payments and shopping service, reveals how retailers will need to adapt their offering to win shoppers in the future. With recent advancements in technology, AI, AR and robots are likely to dominate the in-store and online landscape with shopping services like Klarna already integrating AI personalisation into their products."

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Companies

Klarna Spotlight, Spring ‘23: New AI-Powered, Personalized Shopping Feed and Innovations for Consumers and Retailers

Klarna

"Klarna, a leading global retail bank, payments and shopping service is today showcasing a suite of new innovations cementing the company as a global shopping destination for 150 million consumers and growth engine to its 500,000 retailers for its Spotlight Spring product launch. This includes a new personalized shopping feed in the Klarna app and smart shopping features to help consumers find the perfect items, and resell items too. Plus new tools for retailers and creators to help them engage with their audiences in more effective ways. Together, these new products continue to shape the future of shopping, making it more personal, convenient and enjoyable."

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Companies

Klarna Brings Smoooth Shopping to ChatGPT

PR Newswire

"Klarna, a leading global retail bank, payments, and shopping service is excited to announce its new collaboration with OpenAI, which will level up the shopping experience. Klarna's engineering teams have been working together with OpenAI to bring smoooth shopping to the hugely popular ChatGPT. As one of the first brands to work with OpenAI to use its protocol to build an integrated Plugin for ChatGPT, Klarna is set to go live with a highly personalized and intuitive shopping experience by providing curated product recommendations to users who ask the platform for shopping advice and inspiration, along with links to shop those products via Klarna's search and compare tool."

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Companies

Klarna Unveils Conscious Badges Powered by Clarity AI, the World's First Assessment of Electronics Brands' Environmental Achievements

PR Newswire

"Klarna, a leading global payments provider and shopping service, today announced the launch of conscious badges in the Klarna App in collaboration with Clarity AI, the leading global sustainability tech platform. Klarna continues to evolve beyond payments to become a starting point for every purchase for 150 million consumers and 26 million app users worldwide, whether they already know what they want or are looking for inspiration, all while prioritizing environmental impact."

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Companies

Klarna Introduces Money Story: A Personal Overview of Your Spending in 2022

Klarna

Klarna, the global leader in the generational shift away from credit cards, today 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 habits and helps them be informed and in control of their finances. Using the animated “story” format popularized by social media, Money Story reveals spending habits to consumers in an engaging and familiar way.

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Companies

The US is Now Klarna’s Biggest Market

AltFi

Klarna seems to be kicking off the year on a high note as the US overtakes Germany as its largest market by revenue. The Swedish ‘buy now, pay later’ (BNPL) had a bit of a rocky 2022, to say the least, with losses tripling in the first half of the year, valuation cuts and layoffs. It ended the year on more of an uptick though, forecasting that in the second half of 2023, it would see itself back into the monthly profits it saw in 2019.

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Companies

Ingenico partners Klarna to Offer In-Store Payment Solutions

Electronic Payments International

Payments acceptance solutions provider Ingenico has teamed up with Swedish buy-now-pay-later (BNPL) outfit Klarna to provide various payments tools at retail outlets. Under the strategic partnership, Klarna will use Ingenico’s cloud payments platform as a service tool, PPaaS, to introduce its alternative payment solutions at different point of sale (POS) terminals.

Tags: Ingenico Klarna

Companies

Citcon Partners With Klarna to Offer Klarna’s Flexible Payment Solutions Worldwide

Citcon, the leading one-stop service global payment platform in providing in-store, online, and mobile payment solutions, and Klarna, the global leader in the generational shift away from credit cards, announced today an integration and business partnership which will add Klarna as a featured mobile wallet available through Citcon’s omni-channel payment platform. Merchants currently using the Citcon payment gateway can now provide Klarna as a payment option for online purchases and in-store payments using Citcon’s payment capability.

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Companies

Klarna Adds Granular Carbon Foot Printing to More Than 50 Million Fashion Items

Internet Retailing

“BNPL payment provider Klarna has partnered with climate tech start up Vaayu to provide shoppers with granular carbon footprinting for more than 50 million fashion items, giving them more accurate insights on their environmental impact than ever before and empowering them to make more conscious purchasing decisions. Using Vaayu’s technology, Klarna’s upgraded CO2e tracker automatically calculates carbon emissions for fashion purchases on a product-level in real-time, as featured in Klarna’s recent ‘Spotlight’ event. The cradle-to-grave life cycle assessment (LCA) approach provides users with an enhanced breakdown of a product’s CO₂ emissions along different stages of its lifecycle, allowing Klarna’s 150 million consumers to develop a deeper understanding and sensitivity for their shopping choices.”

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Companies

A ‘Credible Alternative to Google and Amazon’: Klarna Brings Its Price Comparison Tool to Europe

TechCrunch

“Klarna is expanding into the competitive world of price comparisons, with the launch of a new tool that compares prices across thousands of retailers. The company quietly rolled out the price comparison service in the U.S. a few weeks back, and is now extending this into additional markets in Europe including The U.K. and the Nordics. The European “buy now, pay later” fintech has had a turbulent year, laying off 10% of its workforce in May followed by a second round of layoffs in September. Sandwiched in between, news emerged that Klarna had raised $800 million in funding, albeit at a valuation 85% lower than the previous year, a trend that has echoed elsewhere across the fintech sphere and beyond.”

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Companies

Viva Wallet and Klarna Enter Europe-Wide Partnership

PR Newswire

“European cloud-based neobank Viva Wallet is set to further expand the line-up of payment options offered to their thousands of merchants across the continent. Klarna, counting 150 million global active users and 2 million transactions per day, is the latest addition to Viva Wallet’s online and in-store innovative payment platforms. Through this partnership, merchants meet the needs of a new generation of shoppers demanding more convenient, flexible payment alternatives that help them stay in control of their finances.  Pay in 3, Pay in 30 Days, Pay Now, or opt for Financing to pay over 3-36 months in a smooth one-click purchase; Klarna’s payments offering is now added to the collection of over 30 payment options delivered by Viva Wallet, featuring all major international as well as local payment schemes to accommodate all transactions. “Pay with Klarna” will be available to those interacting with the online and brick-and-mortar touchpoints, supported by Viva Wallet POS app that turns any Android mobile into a card terminal, and Smart Checkout payment gateway for e-shops, “allowing consumers to pay when and how they prefer to, saving time and money” as per Klarna’s scope.”

Tags: Klarna