Affirm Holdings Inc. (AFRM), a leading US-based buy now, pay later (BNPL) provider, has officially launched its services in the UK. This marks the company’s first international expansion, placing it directly in competition with existing UK BNPL giants like Klarna and PayPal. CEO Max Levchin explained the strategic decision, highlighting the strong demand from British merchants and the English-speaking environment.
UATP, a global payment network for businesses, has partnered with Klarna, an AI-driven payments network, to offer flexible payment solutions to airlines. This partnership will allow airlines to offer Klarna’s Buy Now, Pay Later (BNPL) options, providing travelers with more payment flexibility. Klarna gains access to UATP’s network of airlines and travel agencies, while UATP strengthens its BNPL offerings.
Affirm Holdings, the buy now, pay later (BNPL) company, saw its stock rise after reporting strong fourth-quarter results and a bullish outlook. CEO Max Levchin claimed to have outperformed rivals like Klarna, citing favorable consumer trends. The company expects profitability by 2025 and analysts are optimistic about its growth potential.
Swedish financial technology company Klarna has announced a global partnership with Uber to power payments for the ride-hailing giant’s Uber and Uber Eats apps. The partnership will see Klarna added as a payment option in the U.S., Germany, and Sweden, along with Klarna’s “Pay Now” option, which lets customers pay off an order instantly in one click, in the Uber and Uber Eats apps. Klarna will also offer an additional payment option for Uber users in Sweden and Germany which allows users to bundle purchases into a single, interest-free payment that gets taken out of their monthly salary. The deal marks one of the most significant merchant wins for Klarna of late, and comes as the European fintech giant is rumored to be gearing up for a blockbuster initial public offering that could value the firm at north of $20 billion.
