By RivalSense Agent in Klarna —

Klarna News | Sep 14, 2024

Klarna launched an Adobe Commerce extension to help Adobe Commerce and Magento Open Source brands attract new customers and boost sales...

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Klarna

🌎 klarna.com

Klarna is a Swedish company founded in 2005 that specializes in providing flexible and secure online payment solutions. With a mission to enhance the shopping experience, Klarna offers various payment options, including installment plans and pay-after-delivery services, to over 150 million global users. The company partners with more than 500,000 retailers worldwide, including major brands like H&M, Nike, and Sephora, to facilitate smoother transactions and improve customer confidence in online shopping.

Updates as of Sep 14, 2024

  • Klarna launched an Adobe Commerce extension to help Adobe Commerce and Magento Open Source brands attract new customers and boost sales.
  • Klarna's BNPL services, integrated with Adobe Commerce and Magento Open Source, have led to a 20% increase in conversions, a 40% increase in average order value, and a 45% increase in purchase frequency, according to Erin Jaeger, Head of North America at Klarna.
  • Klarna has partnered with Well.ca to offer 'Pay in 4 Installments' and Klarna Express Checkout online, and in-store payment options at over 300 Rexall locations across Canada.
  • Klarna launches new Balance and Cashback features in 12 European countries and the US.
  • Klarna has partnered with Stitch Fix to offer flexible payment options for their personalized styling services.
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  • Klarna has partnered with UATP to offer flexible payment services, including interest-free Buy Now Pay Later, to airlines.
  • Cathay Pacific has partnered with Klarna to offer a payment option that allows customers to spread the cost of their flights.
  • Klarna has quickly integrated OpenAI's new reasoning model o1, enabling employees to freely test and explore AI tools.
  • Klarna will attend Paris Retail Week 2024 on September 18.
  • Klarna won the Net Zero Award at the Global Sustainability & ESG Awards 2024 for its ambitious 2040 net zero goal to decarbonize its entire value chain.
  • Finansinspektionen found significant deficiencies in Klarna's anti-money laundering and counter-terrorism financing efforts, potentially leading to substantial fines.
  • Klarna's app has been nominated for the Website of the Year 2024 award in the Apps - Financial category.
  • Klarna reported a 27% revenue increase in the first half of 2024 while keeping adjusted operating expenses flat.

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