As buy-now-pay-later fintech startup Klarna nears its U.S. initial public offering, it is revealing a new partnership establishing it as Walmart’s exclusive U.S. installment loan partner.
Klarna announced on Monday that it would work with consumer finance app One Pay to offer U.S. Walmart customers the option to buy now and pay in installments later for thousands of products, including electronics and home items.
“This is a game changer,” Sebastian Siemiatkowski, co-founder and CEO of Klarna, stated in a press release. “One Pay choosing Klarna as their exclusive installment loans partner at Walmart in the U.S. is a huge vote of confidence as we pursue our goal of being available everywhere
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