Klarna

A world-first code of practice for the burgeoning Buy Now Pay Later industry came into effect in Australia today, aiming to strengthen best practice for a sector under growing scrutiny. Drafted by the Australian Finance Industry Association and its members like Afterpay, Zip, Klarna and Humm, the code sets out

Buy Now Pay Later provider Klarna has added half a million Australian consumers in less than a year through “meaningful” personalisation and what its local leader describes as a “carrot” approach to repayments. Launched a year ago nearly to the day with $300 million of backing from CBA, Klarna entered

CommBank is ramping up its investment in digital startups, committing US$10 million to the most recent funds for both Square Peg and Zetta Venture Partners to support local fintechs, as well as emerging artificial intelligence businesses in Australia. The strategic partners are tasked with stewarding new digital banking services into

Swedish buy now, pay later platform Klarna and ecommerce platform BigCommerce have extended their global partnership to Australia, three months after the payments provider launched locally.  The partnership means Australian retailers on the BigCommerce platform will now be able to integrate Klarna’s shopping features and flexible payment options into their

Klarna

Ant Financial, owner and operator of the Chinese payment platform Alipay, has taken a minority stake in Swedish payments and shopping platform Klarna, as the two companies deepen their partnership to bring more innovative and convenient financial services to consumers worldwide. This investment in Klarna by Ant Financial, the payment

The buy now, pay later market is heating up. Over the last five years, several BNPL providers have emerged which allow shoppers to pay by installments over time, instead of paying the full amount upfront. Last month a new global competitor, Klarna, arrived in Australia with serious backing from the

Retailers have welcomed the launch of Klarna in the Australian market and view the Swedish buy now, pay later company as providing a point of difference in the crowded payments space. Klarna, which is backed by CommBank, launched in Australia a fortnight ago, the company’s 17th market. This global presence

CommBank X15 Ventures

Commbank has launched a new start-up incubator called X15 Ventures, which it says will produce 25 new ventures by 2024, signalling a new approach to the startup-enterprise relationship. The bank announced the initiative today which it described as an “Australian technology venture-building entity designed to deliver new digital solutions.” Download: Which-50’s

Klarna

CommBank is making a big play in the buy now, pay later space, investing a total of US$300 million in Swedish Afterpay rival Klarna which officially launched in Australia today.  The bank initially invested US$100 million in Klarna in August 2018, to become its exclusive partner in Australia and New

Commonwealth Bank has invested in Klarna, a Swedish rival to Afterpay, and will bring the European buy now, pay later provider to Australia. The deal accompanies the bank’s continued investment in its digital capabilities. CommBank invested US$100 million in the fintech’s US$460 million funding round, announced yesterday, which values the