What is Klarna?

Klarna is a Swedish-founded global fintech company operating as a digital bank and payments provider in the US, specializing in buy now, pay later (BNPL) services that allow shoppers to split purchases into flexible, often interest-free installments at thousands of partner retailers and beyond.

Core offerings include:

• "Pay in 4" (interest-free over four bi-weekly payments),

• "Pay in 30 days"

• immediate "Pay Now"

• longer-term financing (with 0%-35.99% APR and service fees, subject to credit approval and issued by WebBank).

The Klarna app serves as a one-stop shopping hub for price comparisons, deal discovery, order tracking, cashback earning (via a Klarna balance account), and virtual one-time cards for using BNPL anywhere Visa is accepted, with integrations like Apple Pay and partnerships including major brands like Walmart, Macy's, and Brookfield Properties.

Additionaly, Klarna has U.S. dollar-backed stablecoin - KlarnaUSD.