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Swedish point of sale credit company Klarna put itself in the awkward position of apologizing and trying to explain marketing emails to surprised and angry consumers, a misstep for a firm whose credit card alternative has found major traction during 2020’s crises.October 14
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The financial services affiliate of Alibaba Group Holding Ltd has agreed to buy a minority stake in Klarna, and will expand its international partnership with the Swedish payments firm.March 4
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Klarna has agreed to acquire Italian fintech Moneymour as part of an innovation push to counter rivals in the popular point of sale credit market.February 13
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In a move to aid faster expansion and provide more security and regulatory compliance tools, Sweden's Klarna Bank is strengthening its longtime relationship with Amazon Web Services by making it the preferred cloud provider.December 2
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In a move to aid faster expansion and provide more security and regulatory compliance tools, Klarna Bank in Sweden is strengthening its longtime relationship with Amazon Web Services by making it the bank's preferred cloud provider.December 2
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Klarna raised another $460 million in fresh equity funding, pushing the Swedish company’s valuation to about $5.5 billion.August 6
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As checkout-free stores dramatically reduce — or even eliminate — the need for point-of-sale devices, terminal makers are turning their focus to multichannel services that can keep younger, digital-savvy customers coming into stores.July 29
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Installment payments are catching on quickly with merchants and their customers, creating a fierce competition among rivals who are building competing technology and business models to approach the new market.July 8
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Abercrombie & Fitch and Klarna are following a successful launch of short-term installment loans on apparel in Germany by adding more markets.July 1
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H&M will enable Klarna as a payment option in its 580 U.S. stores beginning this fall, building on a partnership the two Swedish companies established last year.June 27
