Klarna scores global payment deal with Stripe to expand reach ahead of blockbuster U.S. IPO

Published On Jan 14, 2025, 8:00 AM

Klarna, a Swedish fintech company known for its 'buy now, pay later' (BNPL) service, has formed a major partnership with payments platform Stripe. This deal will enable Klarna to extend its services to merchants using Stripe in 26 countries, which is a significant boost as Klarna prepares for its upcoming IPO in the U.S. The partnership enhances Stripe's offerings and allows Klarna to tap into a larger merchant base, enabling growth in transaction volumes and potentially increasing Klarna's valuation, which is projected to reach around $20 billion.