Klarna collaborates with Liberis | PYMNTS.com

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Payment and trading platform Klarna cooperates with an embedded finance firm Liberis offer merchants income-based loans and other financial services.

Rob Straathoff, CEO of Liberis, said in Press release On Tuesday (June 29), which the company is “proud”, Klarna selected her team to partner as they work together to advance “a shared mission to support the growth of small businesses around the world.”

Klarna, one of the most valuable private technology companies in Europe, offers Buy Now and Pay Later (BNPL) services to 250,000 merchants in 17 countries. With Liberis, Klarna will be able to offer trading partners flexible, pre-approved loans based on income and actual transaction volume.

Straathof added that the merchant financing feature will be seamlessly integrated into the Klarna platform to help businesses “in difficult times and periods of growth”.

Earlier this month, Klarna’s scores is tied to grades $ 45.6 billion after $ 639 million in funding led by SoftBank’s Vision Fund 2. Founded in 2005 in Stockholm, Sweden, the company recently expanded its UK BNPL services to include non-partner sellers. it’s the same recently expanded to the United States, where it is headquartered in Columbus, Ohio with additional offices in New York. Web site… Klarna Bank is considered banking company overseen by Finansinspektionen, Sweden’s Financial Conduct Authority.

Liberis announced in April that he is changing his business model and will stop providing loans directly to small and medium-sized businesses, and will instead partner with digital payment firms.

The London-based company raised $ 93 million in a funding round in December 2020 led by BCI Europe, Paragon Bank and British Business Investments. The round also included funding and venture capital loans from a Silicon Valley bank. The company has raised about $ 267 million to date, including over $ 67 million in equity financing.

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