Strategic Partnerships and IPO Plans
announces a partnership with , marking its first BNPL alliance with the food delivery service, allowing customers to pay in flexible ways.
The Swedish fintech firm, preparing for an IPO, reported a 24% revenue increase to $2.8 billion last year, and secured exclusivity for BNPL loans with , surpassing rival Affirm.
Expansion and Regulatory Landscape
Klarna's service expansion includes everyday spending categories like food delivery, aiming to make payments more convenient for consumers.
Amidst growing BNPL popularity and regulatory scrutiny, including potential tougher rules in the U.K., Klarna and others face challenges ensuring responsible lending and transparency.