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Klarna to launch BNPL credit card for physical POS purchases
Just weeks after Buy Now Pay Later (BNPL) firm Klarna looked to shift criticism onto credit card providers as Government prepares to clampdown on BNPL, the outspoken CEO has announced... read more
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Klarna off rails? Losses increase as does regulatory scrutiny
Klarna’s losses increased significantly in Q2 as the BNPL company continued the pace of growth ahead of a possible IPO. Recently valued at $46 billion in an investment round led... read more
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Klarna posts net loss of $59.8 million for H1 – valuation increases to $5.5 billion
Klarna has reported a ballooning net loss in H1 2020, as the company invested in an international expansion drive and set aside reserves to deal with credit losses amid the COVID-19... more
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Wirecard and Klarna launch joint payment solution
Wirecard and Klarna, a global payments and shopping provider, announced the launch of a new enhanced joint payment solution. All three Klarna shopping methods, Pay Now, Pay Later and Klarna... more
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Visa commits to strategic investment in Klarna
Visa and Klarna announced they have reached an agreement for Visa to invest in Klarna, and intend to develop a future strategic partnership. Klarna is one of Europe’s fastest growing online payments companies, serving 60 million consumers and 70,000 retailers. The equity investment and planned partnership demonstrate Visa and Klarna’s shared vision to accelerate online [...]
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