Clarna approved the Fintech partnership, which is approaching IPO

Swedish Fintech firm Clear Now there will be an exclusive provider purchased, so pay loans Diamatictaking a partnership away from the opponent ApproveCNBC learned.

Clearly, this is only openly The intention to go to public in the United States will give you credit to Walmart customers at the stores at the sale of retail sale in stores and online EverypayAccording to people with knowledge about the situation that refuses to talk about partnership.

OnePay, this Updated Since this month, its brand name, which will manage the user’s experience with its application, and Klarna will make underwriting decisions for loans from three months to 36 months and said it with annual interest rates from 10% to 36%.

The new product will start in the coming weeks and scaled all Walmart channels in the holiday season, it is likely to buy only the retailer, then choose with the year end.

As the movement goes to the public, two of the world’s largest BNPL players, the world’s largest BNPL players increase competition. Although both companies claimed to offer a better alternative to borrowers from credit cards, the United States is more and more US and are socialized since 2021, and the Klarina’s network is more global.

Experts’ shares fell by 13% on Monday morning.

The deal comes in favorable time for Klarna while reading one of the most expected primary public victims of the year. After 2021, the Klarna IPO will be the main test of the IPO industry after a large-scale technological lists. The firm’s private market assessment has been a roller coaster: it has increased so much $ 46 billion In 2021, then crashing 85% among the wider descent of high flying Fintech firms next year.

CEO Sebastian Siemiatkowski used to develop Clarnan’s prospects generative artificial intelligence to cut costs and headings. The company returned to $ 2023 and according to analysts, according to analysts, according to analysts, about $ 15 billion.

OnePay deal is a “game change” for Klarna, Siemiatkowski said release Pact’s approval.

“Millions in the United States in the United States can make more smarter shopping in Walmart every day – and now a refutation equipped with Clarna.” “We look forward to redefining the world’s largest retailer and in stores and stores.”

As part of the transaction, OnePay can take a position in Clarina. In itself Giving F-1Klarna said, “The GLOBAL partner is a trade contract with a global partner, which guarantees to get more than 15 million shares worth $ 34. OnePay is a partner, and people with knowledge of transactions were confirmed.

For approval, the action is likely to appear as a blow to a period of especially sensitive to technological shares. Managed by CEO Max levchina Paypal The joint founder, the company’s shares increased since 2021 IPOs. Shares of this year this year this year sank this year on Monday.

Management executors often celebrate their partners with large merchants as the main driver of the purchase volume and customer. In November, the heads of the approval, Wayne PommenReferred to other tie in including Walmart and others Amazon, Tease and Target as “a crown jewelry partnership.”

One approval spokesman made this statement: “The advantages of merchants and capital markets will continue our competitive and sustainable partnership strategy in our products, taking into account our long-term strategy.”

Deal does not give less results for a one-to-face one-to-one one to each other $ 2.5 billion Money assessment only two years ago from spreading a product set to their customers.

There are more than 3 million active customers in the beginning and more than $ 200 million income in the annual processing rate.

As part of the push-ups to penetrate, Walmart managers checked thepay’s potential to be a window for Americans, who were shot by traditional banks.

Walmart is the world’s largest retailer and says 255 million weeks of customer, it is a separate company supported by Walmart The capital of Ribbit – The main advantage in the acquisition of new customers.

Last year Walmart supported Fintech The victim began CNBC was reported at the moment in the BNPL loans and Walmart’s checkout pages in the shells. This has been the approval of the approval confirmation of an exclusive provider for BNPL loans for Walmart since 2019.

Instead of going on, the transition to the partner with a clarna shows that the company has seen an experienced, large-scale provider to use its own solution.

OnePay is expected to accelerate the transformation of Walmart clients to Fintech app users who push the consumer lending. Cashed consumers rely on loans to meet their needs and payment loan users are seen as a wedge to offer banking, deposit and payments.

Americans caught a record $ 1.21 trillion In the fourth quarter of last year, credit card debt, the Federal Reserve Bank of New York data, according to the Federal Reserve Bank, is about $ 441 billion in balance in 2021.

“Consumers have never been more important to give simple and convenient ways to get a fair loan at the point of sale.” “Especially true for millions of people who have become Walmart every week every week.”

Next Up is probably onpay brand credit card offered by a new bank partner after Walmart removed its partnership Capital.

“This new way is not only to give a loan, but also rotating loan,” Walmart CFO John David Rainey He told investors in June.

– CNBC’s Mackenzie Sigalos and Melissa Repko contributed to this report.