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Klarna nabs Walmart away from Affirm and boosts its IPO prospects
On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart.
On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart. Klarna will provide the loans to Walmart customers through OnePay, a fintech startup in which it owns a majority stake and is also backed by Ribbit Capital. Last September Affirm CEO and co-founder Max Levchin told PaymentsDive that he wanted to differentiate his company from competitors, including Klarna.
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