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Klarna partners with Poshmark for Back-To-School resale

With Back-to-school spending set to reach a record 870 US dollars per household this year, according to recent data from Mintel, adults across the nation are looking for ways to save money, which includes resale. Searches for “back to school” on Poshmark jumped an astonishing 126 percent month over month in June, underlining the demand for more...

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Business

Klarna presents growth figures, but remains silent on paused IPO

Fintech company Klarna reported growth figures in the first quarter. The company saw revenue increase by 15 percent to 701 million dollars. However, it remained silent about its intention to go public after this plan was paused in April. The little that was said about the initial public offering (IPO) is that Klarna is monitoring ‘the changes in...

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Klarna pauses IPO plans amid tariffs uncertainty

Buy-now, pay-later platform Klarna has reportedly pressed pause on its plans for an initial public offering (IPO) amid ongoing uncertainty surrounding global tariffs. People familiar with the matter had told The Wall Street Journal (TWSJ) that Klarna was halting its pursuit of a US listing, which had initially been scheduled to take place this...

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Klarna to expand merchant services with J.P. Morgan Payments

Klarna, the AI-powered global payments network and shopping assistant, is partnering with J.P. Morgan Payments to allow its ‘Buy Now, Pay Later’ (BNPL) payment options available to businesses that rely on J.P. Morgan Payments for payment processing. J.P. Morgan Payments is the world's largest merchant acquirer and processes more than 2 trillion...

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Ebay and Klarna expand Buy Now Pay Later to new markets

Multinational ecommerce giant eBay has expanded its partnership with Klarna, transforming the art of digital window shopping into a more fluid financial experience. The collaboration, which spans key European markets, introduces flexible payment options that could revolutionise how fashion consumers approach their purchasing decisions. The...

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Retail

John Lewis partners with Klarna on BNPL offer

British department store retailer John Lewis has established a new partnership with Klarna to introduce the payment platform’s ‘buy now, pay later’ (BNPL) offer to its online website and app. With this addition, customers will be able to select Klarna’s Pay in 3 product to pay for their John Lewis purchases, allowing them to spread their costs...

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Fashion |In Pictures

Klarna and Angel City FC collaborate with Hija de tu Madre

Klarna, the AI-powered global payments network and shopping assistant and Angel City Football Club, a member of the National Women’s Soccer League, has unveiled a capsule collection with LA-based Latinx lifestyle brand, Hija de tu Madre. The limited-edition clothing collection launches in celebration of Hispanic Heritage Month and features the...

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Fashion

Sportswear brands failing to capitalise on growing female fans

Klarna, the AI-powered global payments network and shopping assistant, has revealed that sales of women’s football shirts are up 17 percent in the past year through its platform, however, eight out of 10 fans add that they would buy more women’s sports merchandise if more options were available. According to new research from Klarna and fan...

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Klarna taps AI for “human shopping experience” with new products

Klarna, the AI-powered global payments network and shopping assistant, is rolling out 13 new products this autumn, including a new AI-powered image search, which allows users to snap, search and shop. The new products were unveiled as part of the company’s ‘Spotlight Fall’ launch and feature new products that build on its “previous applications...

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Retail

Klarna introduces new conscious shopping tools

Klarna, the AI-powered global payments network and shopping assistant, has announced the launch of several new products and services aimed at promoting circularity and encouraging smart shopping. Klarna is used by 150 million consumers and 27 million app users worldwide. According to a study by NielsonIQ, consumers are increasingly prioritising...

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Klarna posts increase in Q2 sales and GMV

Klarna, the global AI payment network and shopping assistant, increased GMV by 14 percent in the second quarter of this year, while the company’s revenue rose 17 percent to 5.5 billion Swedish krona and turnover from retailers increased by 23 percent. Commenting on the trading update, Sebastian Siemiatkowski, CEO of Klarna said: "I am very proud...

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Klarna’s UK head to leave

Alex Marsh, the head of Klarna’s UK business, has exited the company after nearly five years at the ‘buy now, pay later’ (BNPL) service provider. Marsh announced his departure on LinkedIn, where he outlined his experiences at the company, beginning after it acquired Close Brothers Retail Finance in 2018, a move Marsh oversaw. During his time at...