Buy now, pay later giant Klarna has purchased German shopping app Stocard.
In Brief:
Stocard provides an app for linking users to deals from a network of merchants.
It enables multiple bank cards to be linked with a network of merchants.
Currently, the platform has about 60mn users.
What does this mean?
Klarna, which recently raised $639mn, is now eyeing up businesses which could help add to its service, with the view to adding much more than just installments payments to the shopping experience.
You can find out more about Klarna’s plans here in the UK in our fireside chat with Alex Marsh, Head of Klarna UK, here.
