Klarna reaches 7 million UK users
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‘Buy now, pay later’ app Klarna Bank AB this week revealed it has now served more than 7 million customers in the UK. The Swedish bank and online financial service…
Alibaba buys minority stake in Klarna
Alibaba has purchased a minority stake in Swedish ‘buy now, pay later’ giant Klarna as the pair embark on a new global partnership. Ant Financial, Alibaba’s payments arm and the…
Klarna posts £87m loss in first deficit since launch
Klarna has posted its first annual loss in its 15-year history despite revenues jumping by almost a third. The Swedish ‘buy now, pay later’ giant saw its profits plummet from…
Schuh brings Klarna instore with new partnership
Footwear brand Schuh has teamed up with Swedish FinTech company Klarna to extend its buy now, pay later scheme to in-store purchases. Schuh already uses Klarna on its websites in…
Asos expands partnership with Klarna
Asos has expanded its UK partnership with payments giant Klarna and now allows users to pay in three instalments over 60 days. Klarna first partnered with the online fashion giant…
Klarna set to launch new Berlin hub in early 2020
Klarna’s “buy now, pay later” venture will expand into Berlin in early 2020, with a new tech hub set to house more than 500 members of staff. The Swedish bank…
Klarna boasts 1 new merchant partner every 8 minutes amid stellar 2019
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…
River Island and Klarna team up to offer ‘Pay in 3’ system
River Island and Klarna have teamed up to offer an easier way for customers to buy online using a ‘Pay in 3’ system. Shoppers at the high street fashion retailer…
Samsung latest major retailer to offer Klarna payment scheme
Samsung has become the latest in a string of major retailers to partner with fintech startup Klarna, allowing shoppers to pay in installments. Klarna will now let anyone shopping on…
M&S to offer “buy now, pay later” scheme while admitting fashion turnaround “18 months” behind schedule
Marks & Spencer will soon offer its customers the option to “buy now, pay later” according to its chief executive Steve Rowe. Rowe told an investor meeting earlier this week…