01 July 2020

Klarna expands into Spain

Written By FinTech Alliance

Klarna expands into Spain

Swedish buy now, pay later FinTech Klarna has launched in Spain.

In Brief:

  • The Snoop Dogg-backed firm allows customers to pay for online purchases in three equal instalments over 60 days.

  • It has partnerships with brands like H&M, which has 167 shops in Spain as well as its ecommerce offering.

  • 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.

Read more here.

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