News comes ahead of hotly anticipated IPO.
In brief:
- Klarna and Uber are partnering on a global deal in which the Swedish fintech firm will be added as a payment option on the Uber and Uber Eats apps in the U.S., Germany and Sweden.
- The Uber deal marks one of the most significant merchant wins for Klarna as of late and comes as the firm is rumored to be gearing up for a blockbuster IPO.
- The company will also offer an additional payment option for Uber users in Sweden and Germany, allowing users to bundle purchases into a single, interest-free payment that gets removed from their monthly salary.
What does this mean?
Sebastian Siemiatkowski, CEO and co-founder of Klarna, said in a statement Wednesday that the deal represented a “significant milestone” for the company. “Consumers can Pay Now quickly and securely in full, which already accounts for over one third of Klarna’s global volumes, and more easily manage their finances in one place,” Siemiatkowski said.
