Published 7 years ago • Updated 15 days ago

Klarna to displace Affirm as Walmart BNPL provider

Klarna Group will replace Affirm Holdings as Walmart's exclusive provider of installment loans, as announced on Monday.
Walmart's digital payment app, OnePay, will offer Klarna's loans at checkout both online and in stores, according to Klarna's news release.
Affirm's stock dropped by 8% following this announcement, and the company currently still offers its loans at Walmart's checkout, as stated in an SEC filing.

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Fast Company

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AFRM stock tumbles: Klarna eats Affirm’s lunch with Walmart BNPL deal ahead of buzzy IPO

This morning, news broke that the fast-credit fintech company Klarna has deposed its competitor Affirm as Walmart’s exclusive provider of “Buy Now, Pay Later” (BNPL) loans. Affirm stock (AFRM) dove more than 10% Monday morning following the news, before regaining some of those losses. Shares are currently down around 5% as of this writing. According to a press release published this morning, Klarna will be partnering with Walmart’s majority-owne…

17 days ago

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Entrepreneur

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'A Game Changer': Klarna Becomes Walmart's Exclusive Buy-Now-Pay-Later Provider

Klarna beat out rival Affirm to become Walmart's exclusive installment loan partner in the U.S. through the consumer finance app One Pay. Klarna recently filed its plan to go public.

17 days ago·San Francisco, United States

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TechCrunch

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Klarna nabs Walmart away from Affirm and boosts its IPO prospects

On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart.

17 days ago·United States

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retailwire.com

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Walmart and Klarna To Offer BNPL Service for Purchases - RetailWire

BNPL fintech Klarna will offer short-term loans for Walmart purchases.

17 days ago

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Startups News | Tech News

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Buy now, pay later startup Klarna files for U.S. IPO as valuation rebounds to $15 billion - Tech Startups

Four months after it confidentially submitted IPO documents to the Securities and Exchange Commission (SEC), Swedish fintech startup Klarna has officially filed to go public on the New York Stock Exchange under the ticker symbol KLAR. Klarna, known for its […] The post Buy now, pay later startup Klarna files for U.S. IPO as valuation rebounds to $15 billion first appeared on Tech Startups.

17 days ago

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