Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm


Key Points
  • Swedish fintech firm Klarna will be the exclusive provider of buy now, pay later loans for Walmart, taking a coveted partnership away from rival Affirm, CNBC has learned.
  • Klarna, which disclosed its intention to go public in the U.S., will provide loans to Walmart customers in stores and online through the retailer’s majority-owned fintech startup OnePay, according to people with knowledge of the situation.
  • OnePay, which updated its brand name this month, will handle the user experience via its app, while Klarna will make underwriting decisions for loans ranging from 3 months to 36 months in length.



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