Finance Feeds logo

Ant Financial invests in Klarna

Maria Nikolova

Ant Financial, owner of Alipay, has taken a minority stake in Klarna.

Klarna, a global payments and shopping provider, today announced investment from Ant Financial Services Group, owner and operator of payments and lifestyle platform Alipay.

Ant Financial, a payment affiliate of Alibaba Group, has acquired a minority stake in Klarna, in a move that strengthens the partnership between Ant Financial and Klarna. The enhanced collaboration is set to help the two companies bring more innovative and convenient financial services to consumers worldwide.

This investment supports the further development of the strategic cooperation of the two companies, bringing more of Klarna’s innovative solutions to consumers and merchants within the broader Alibaba ecosystem. It will deepen ongoing collaborations between Klarna and Alipay, which currently enables shoppers at AliExpress, the global retail online marketplace of Alibaba Group, to use Klarna’s popular ‘Pay later’ solution across multiple markets.

Sebastian Siemiątkowski, CEO at Klarna, says:

“At the heart of this cooperation between Klarna and Alipay is a shared ambition of innovating truly superior shopping experiences and creating destinations of inspiration for consumers across the world. Alipay, and the wider Alibaba Group, have truly set the global pace on retail innovation and the app economy. We are delighted in this confidence shown in Klarna in defining the future of payments and shopping and are very much looking forward to working together further in the future.”

At present, Klarna is powering over 200,000 retailers and e-commerce platforms globally including AliExpress, H&M, ASOS, Expedia Group, IKEA, Farfetch, Adidas, Spotify, Samsung and Nike. In 2019, Klarna added over 75,000 new merchants and as a strategic growth partner is driving millions of referrals and traffic each month from owned channels to these retailers, as consumers are actively seeking where they can shop with Klarna. Equally, Klarna now has an 85 million strong consumer base who choose to shop with Klarna as loyalty and preference grows across touchpoints – online and instore.

The recently launched shopping experience in the Klarna app allows US consumers to shop with Klarna anywhere online. Klarna now has more than 200,000 more monthly app downloads than the nearest US competitor.

Numis acted as exclusive financial adviser to Klarna.

Subscribe

Read this next

Digital Assets

Embrace the New Era: USDt on TON Revolutionizes Peer-to-Peer Payments

The integration of USDt, the world’s largest stablecoin by market capitalization, onto The Open Network (TON) marks an advancement in the realm of digital finance.

Ramp
Education, Inside View

Charting the Course: Expert Analysis on GBP/USD Signal

The GBP/USD is one of the highly regarded currency pairs in the world of Forex trading, known for being liquid, volatile, and having narrow spreads. Traders Union’s analysis combines the latest economic data, market news, and technical indicators, giving all the insights needed to make informed decisions about trading pounds and dollars.

Monitor Chart
Institutional FX

Iress’ QuantHouse adds BMLL’s historical order book data

“Across the industry, as sophistication levels increase, the demand for superior quality historical market data is intensifying. Market participants need easy access to global, ready-to-use data to improve their own products and strategies, gain a deeper understanding of liquidity dynamics, and generate alpha more predictably, without the burden of data engineering and infrastructure on their P&L.”

SEO

Binance Australia: Revolutionizing Cryptocurrency Trading Down Under

In 2024, Binance Australia continues to shape the cryptocurrency landscape, offering innovative trading solutions and comprehensive support for Australian traders. This article explores its services, regulatory compliance, and what makes it a top choice for crypto enthusiasts in Australia.

Crypto exchange Binance logo
Inside View

European share trading is much higher than believed, says report

“Regulators in the EU and UK need to take the opportunity presented by the imminent establishment of a Consolidated Tape for shares and ETFs to update relevant post-trade transparency rules, so that they capture the full scope of share trading activity in Europe. Without this, Europe risks being left behind.”

Digital Assets

Abra launches prime solutions for digital assets

As an SEC-registered RIA, ACM will now operate as a fiduciary and allow clients to get exposure to the digital asset ecosystem under a separate account structure built on-chain, where clients retain title and ownership over their assets and their assets will be independently verifiable on-chain.

Bitcoin keyboard
Retail FX

Unusual Whales taps Tastytrade as exclusive options broker

“We’re huge fans of Unusual Whales and the transparency they bring to the markets, enabling traders to make informed decisions.”

Industry News

GenAI can help transform OTC derivatives markets, said ISDA whitepaper

The risks of GenAI, however, include data breaches, regulatory issues, bias, as well as sub-standard or simply false results.

Institutional FX

B2Broker ups leverage on major Forex pairs, BTC and ETH

“This strategic update not only enhances our clients’ competitive edge but also augments their capacity to cater to the evolving demands of their clientele, attract new business, and elevate their service standards by leveraging our liquidity solutions.”

<
✖