The global deal will see Klarna added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and Sweden.
Klarna and Uber are partnering on a global deal that will see the Swedish fintech firm added as a payment option on the Uber and Uber Eats apps in the U.S., Germany, and Sweden.The Uber deal marks one of the most significant merchant wins for Klarna of late, and comes as the firm is rumored to be gearing up for a blockbuster IPO.The partnership will see the Swedish financial technology firm added as a payment option in the U.S., Germany, and Sweden, Klarna said in a statement.
Sebastian Siemiatkowski, CEO and Co-Founder of Klarna, said in a statement Wednesday that the deal represented a"significant milestone" for the company."Consumers can Pay Now quickly and securely in full, which already accounts for over one third of Klarna's global volumes, and more easily manage their finances in one place," Siemiatkowski said.
Such a market flotation would mark something of a turnaround for a company that saw $38.9 billion erased from its valuation in 2022, when deteriorating macroeconomic conditions stoked by Russia's invasion of Ukraine caused a reset of sky-high tech valuations. The company posted operating profit of 130 million Swedish krona in the third quarter of 2023, swinging to a profit for a loss of 2 billion Swedish krona in the same period a year earlier.Klarna is one of many"buy now, pay later" services that allow users to pay off their purchases over a period of monthly installments.
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