FinTech Alliance company Raisin has partnered with buy now, pay later business Klarna.
Klarna will open savings accounts for consumers using Raisin.
Raisin provides a marketplace where users can compare, open and manage savings accounts.
This will be exclusively available in Germany.
What does this mean?
Raisin will help Klarna offer a competitive interest rate to its customers. Klarna says this is all part of a plan to go from payments to providing a “comprehensive shopping ecosystem” for its customers, and expanding its offerings in the banking space.