Klarna nabs Walmart away from Affirm and boosts its IPO prospects

In his heels IPO documentsSwedish Fintech giant Clarna announced Monday only provide Buy now, give credit later for Walmart. Partnership with Walmart is the one of the opponent The owner of the previous.

Clarna will provide loans with a Fintech starting tool, which has a majority in danger of Walmart customers, and Ribbit Capital. Klarna will provide “the end of this year” loans, “he said.

San Francisco Based Confirmation Fund Hit the hit The news is more than $ 46 in Monday afternoon, 8% on Monday afternoon.

Although two companies have been competitors for years, although more attention is paid to the United States. Froze Went to the public in 2021 Recently announced that it was Earned $ 80 million GAAP in net income. Klarna, after suffering a massive blow to the evaluationIn 2023, in 2023, the $ 244 million loss of $ 2,24 million net profit and net profit.

September September Office and co-founder Max Levchin PaymentsDive He wanted to differentiate his company from competitors, including Clarna. One way this was done last year, he told a technological conference, and the focus is in the spotlight from individual transactions. Clarna and others pushed marketing revenue, he confirmed. However, the Klarna spokesman said that “Most of the Carnian’s revenues came out of operation and marketing from marketing, he said.

Levchin continued to say that the approval did not accept operations through advertising or marketing.

“I do not criticize – this is not my place to decide if there are bad jobs.” “But I love ourselves and built around our opinion, resulting in the financial sense of each operation.”

Clarina’s reach is global than confirming, but this has given a great impetus to the United States by explaining the United States last April and Germany TechCrunch represented the largest markets However, the United States “has always earned and is often the largest in the quarter.”

As a partner, a partner will undoubtedly increase the existence of Clarina in the United States, the world’s largest revenues in the United States – last year’s $ 441.8 billion in the United States.

A total of 5% of Walmart’s US volume is a total of 28% of Clarna’s total GMV (total goods), the company is reported In the statement.