Swedish buy now, pay later FinTech Klarna has launched in Spain.
In Brief:
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The Snoop Dogg-backed firm allows customers to pay for online purchases in three equal instalments over 60 days.
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It has partnerships with brands like H&M, which has 167 shops in Spain as well as its ecommerce offering.
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Klarna is Europe’s most highlyvalued FinTech, tied with Revolut.
What does this mean?
Despite still operating at a loss, Klarna has been expanding across Europe and the US, and attracted $460mn investment just last year.
