Ant Financial, an affiliate of Alibaba Group, takes a small take in Swedish payment service provider Klarna. Klarna is Europe's most valuable fintech company. With this acquisition, the two companies aim to strengthen their online shopping partnership. Klarna is already embedded in AliExpress, the international shopping platform which is run by e-commerce giant Alibaba
International payment service provider Klarna reached a turnover of €677 million, up 31% compared to 2018. More than 200.000 online and offline shops use the services of Klarna. Despite the turnover growth, the published annual report shows that the net result is a negative €85 million. The gross market value, the sum of all sales in stores, also increased by more than
Payvision, a global payments fintech player celebrates its one-year partnership with ING, one of the largest European banks, with a brand-new visual identity. Payvision had an excellent year in 2018, fueled by its strategic partnership with ING, a complete rebranding process, and more than a 50% increase in transaction volume. During the first year, the ING-Payvision
Klarna is doing well. The Swedish payment company recently revealed in its most recent annual report that it now processes 1 million transactions per day and that the worldwide sales volume has risen by 36% to around 26 billion euros. Not only has the sales volume increased to double digits, so did the net sales: last year it increased by 31% to around 561 million euros.
Swedish payment service provider Klarna has launched its own financing program for SME retailers in Europe. The initiative is called Boost and aims to support retailers accelerate their growth. In the beginning, Boost will be available for selected merchants in Austria, Denmark, Finland, Germany, the Netherlands, Norway, and Sweden only. Starting in the beginning of December,