Klarna boasts 1 new merchant partner every 8 minutes amid stellar 2019

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Klarna has added over 60,000 new merchants in 2019, partnering with a new retailer every eight minutes on average.

The ‘buy now pay later’ platform said the number of new merchants signing up to its service grew 140 per cent this year, while the number of new customers hit 16 million by the end of October.

In the UK Klarna says 55,000 new customers are being added weekly, totaling six million.

READ MORE: River Island and Klarna team up to offer ‘Pay in 3’ system

This comes as Klarna launches its merchant lending programme in the UK, offering SMEs affordable business financing and marking the eighth European market in which the service has been launched.

“Bringing smoooth shopping to consumers across the world, wouldn’t be possible without the thousands of merchants who put their trust in our vision to simplify shopping,” general manager at Klarna UK Luke Griffiths said.

“We know that customers love the flexibility and convenience that comes with our products and by delivering the best possible experience to them, we’ve been able to partner with some remarkable brands and retailers in the UK.

“As we continue to expand our offering across different verticals and touchpoints, I’m incredibly proud of the momentum we’ve managed to achieve since the start of the year”.

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