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Klarna news and archive

Klarna to cut workforce by 10 percent

Buy now, pay later company Klarna has announced that it is cutting 10 percent of its workforce, citing weakening consumer confidence, surging inflation, a volatile stock market and the war in Ukraine. In a blog post, Klarna chief executive Sebastian Siemiatkowski said: “When we set our business plans for 2022 in the autumn of last year, it was a...

24 May 2022

RetailFeatured

Klarna launches virtual shopping experience

Payment provider Klarna has announced the launch of a Virtual Shopping offering, allowing customers to browse and buy products through live chats and video calls. Utilising Klarna’s Store App, in-store experts will be able to connect with shoppers online, with the option to provide demonstrations on items and share photos of products with app...

16 May 2022

Business

Klarna to expand rewards programme to nine new markets

Buy now, pay later payment firm Klarna is launching its global reward programme in the UK this spring, as part of a global roll-out into nine new markets. Klarna’s reward scheme launched in September 2020 and has since gained more than 4 million members in the US and Australia, with 1 million users joining in the last quarter. The planned...

23 Feb 2022

Fashion

Klarna partners with Good On You for sustainable collection curation

Payment option provider Klarna has revealed a new collaboration with sustainability rating platform Good On You, bringing curated Sustainable Collections to the Klarna App. The initiative intends to bring more awareness to environmentally and ethically friendly apparel, with the first in-app curation set to feature 23 clothing brands, including...

4 Feb 2022

RetailFeatured

Klarna launches physical payment card in the UK

Buy now, pay later payment firm Klarna has launched a physical payment card that can be used for in-store payments in the UK. The card will allow consumers to pay with Klarna’s ‘Pay in 30,’ meaning anytime up to 30 days after purchase. With additional payment options to be added in the future. The global banking, payments and shopping service...

26 Jan 2022

BusinessFeatured

2021 Round up: The most notable acquisitions this year

Anyone who takes a quick look at the news over the past year will have noticed one business trend: takeovers, takeovers and takeovers. Various fashion groups seem to be actively in the acquisition game, while other companies were presented with an opportunity that they could not turn down. To sum it all up: these were the most notable...

30 Dec 2021

Retail

Klarna releases research on personal finance habits in UK

Global retail bank Klarna has released new research on the personal finance habits of UK consumers. In particular, the report highlights the anxiety consumers have in regards to credit card borrowing. Customers of buy now pay later schemes are least likely to miss a payment, whereas 16 percent of those using a traditional credit card admitted...

17 Dec 2021

Business

Klarna acquires Inspirock

Global retail bank and payment service Klarna has acquired Inspirok, an online trip planner that enables consumers to explore a destination’s offerings and create personalized itineraries utilizing artificial intelligence and local expertise. Inspirok currently has over 25 million users. Klarna will integrate Inspirock’s capabilities to allow...

25 Oct 2021

Business

Wix introduces Klarna as new payment service

Website development platform Wix has announced a new partnership with Klarna that will see the payment service provider become available as a payment option to consumers visiting merchants’ Wix sites. The service will be available to 17 countries, including in the UK, US, New Zealand and areas of Europe. Wix merchants will be able to offer their...

22 Oct 2021

PeopleFeatured

Inaugural Mr Porter Futures mentorship programme names first recipients

Luxury menswear e-commerce platform Mr Porter has selected Saif Ud Deen, Kat Tua and design duo Messrs Ryan Edmonds and Julian Canda as the first recipients of its Mr Porter Futures mentorship programme in partnership with Klarna. The successful menswear designers were selected from thousands of entries from 77 countries around the world,...

16 Sept 2021

Business

Klarna announces partnership with Global-e

Klarna, a global retail bank, payments, and shopping service, and Global-e, a cross-border e-commerce platform, as announced an expanded partnership to offer flexible payment options to consumers across the U.S., U.K., France, Spain, Italy, and Australia. Klarna’s payment solutions will now be available to all merchants selling internationally...

31 Aug 2021

Business

Klarna saw 300 percent growth in first half of 2021

Buy-now, pay-later Swedish firm Klarna has reported 300 percent growth in the first half of 2021. The news was reported by Business of Fashion. On August 25, Klarna posted gross merchandise volume of 20 billion dollars, up from 12 billion in the same period last year. Much of this growth is attributed to Klarna’s growing presence in the U.S. In...

26 Aug 2021