Klarna Partners with Uber to Power Payments in the U.S., Germany, and Sweden

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.

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