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Buy now, pay later juggernaut Klarna is banking on delivering more financial services.
To that end, the company that grew up in Sweden applied with the Federal Deposit Insurance Corp. and Utah's Department of Financial Institutions on Monday for a charter to run an industrial bank.
Klarna already operates as a bank in Europe, under a license it has had since 2017, but in the U.S. it has partnered with financial institutions, often WebBank, to offer some of its array of financial services.
A spokesperson for Klarna declined to comment on other bank partners or intermediaries.
Buy now, pay later juggernaut Klarna is banking on delivering more financial services.
To that end, the company that grew up in Sweden applied with the Federal Deposit Insurance Corp. and Utah's Department of Financial Institutions on Monday for a charter to run an industrial bank.
Klarna already operates as a bank in Europe, under a license it has had since 2017, but in the U.S. it has partnered with financial institutions, often WebBank, to offer some of its array of financial services.
A spokesperson for Klarna declined to comment on other bank partners or intermediaries.
26 days ago
