Swedish startup Klarna has acquired BillPay in a transaction that's expected to strengthen its payments business throughout Europe; the estimated price is approximately 60 million British pounds ($75 million) and Klarna was last valued at $2.25 billion in 2015; both Klarna and BillPay have been closely compared to PayPal; with the new acquisition the majority of Klarna's business will now be focused in Germany; Klarna has been focusing on business in Germany, acquiring Cookies in October 2016 and Sofort in 2013, both German companies; the acquisition of BillPay will help increase cross-border payment transactions; according to Sebastian Siemiatkowski, co-founder and CEO of Klarna, "Germany is one of the largest e-commerce markets in the world, and we are delighted to have strengthened our position here with this acquisition." Source
Experts say the arrival of big financial players into the buy now, pay later sector could further shine a light on regulatory standards.
The fintech reported a loss of $748 million last year and last month announced that it was laying off around 10% of its workforce....
Global payments provider and shopping juggernaut Klarna is making a play for a bigger piece of the American market's pie with new services.
Buy now, pay later titan Klarna announced Tuesday it had closed on a deal to acquire the price comparison platform PriceRunner.
Less than 10 years after hitting 10 million users, the Swedish BNPL giant has grown by 15x.
Fintech startup Klarna is launching a desktop browser extension that provides many of the features that you can find in the company’s mobile app — but on your computer. In addition to the ability to manage your Klarna payments, the extension automatically applies coupon codes when you’re on a checkout page. Klarna has acquired Piggy...
To be onboarded to the platform, creators simply apply for access here to undergo Klarna's validation process.
Klarna is well known for their buy now, pay later offering and is now launching a customer loyalty program called...
Swedish fintech Klarna Bank has launched a free P2P payments service; the new service is called Wavy and is available for consumers across 31 European markets; the service allows for simplified payment redemption with the receiver able to redeem the funds directly to their bank account. Source