Tag: Klarna

Buy-now-pay-later boom contributes to growth as companies in the area raise four out of the ten largest deals in H1

The co-founder of European VC Atomico Mattias Ljungman has launched Moonfire Ventures – a VC aimed at providing seed stage funding for FinTechs among others.

Swedish buy now pay later (BNPL) juggernaut Klarna has launched its Comparison Shopping Service (CSS) in 21 markets across Europe.

Banking, payments and shopping service Klarna launched its Shopping app, enabling users to pay in any online shop directly through the Klarna app, eliminating the need to use a credit card.

Rakim Mayers, better known as A$AP Rocky, has become a shareholder in Sweden-based FinTech unicorn Klarna and assumed the role of company CEO for a day.

Swedish FinTech giant Klarna has suffered a ‘self-inflicted incident’ which has led to around 90,000 users being able to see other people’s accounts.

The BNPL market has seen a financial boon in recent years, creating market leading behemoths like Klarna, Affirm and Afterpay – who are all recording strong growth on the back of clear market demand. Could a growing call for regulation in the sector change this?

New Zealand-based buy now pay later firm Laybuy has closed a A$35m capital raise to further its push into the UK market.

Amidst the popularity of buy now, pay later (BNPL) solutions, the Monetary Authority of Singapore (MAS) has raised growing concerns over consumers drowning in unseen debt.

FinTech juggernaut Klarna has expanded its footprint in the UK with a new office in London and larger premises in Manchester.