Klarna, approaching

Swedish finchu -fir Clear will become an exclusive purchase provider now, pay the loans later WalmartTaking the desired partnership from the competitor StateCNBC found out.

Clearly that just disclosed His intention to go to public in the US, provides loans to Walmart customers in stores and online via Fintech startup, owned by most sellers, Fintech OnepayAccording to people who know the situation that refused to identify about the partnership.

OnePay which updated Its trademark from one this month will handle custom experience through its application, while Klarna makes decisions on legal loans from three months to 36 months long, and with annual interest rates from 10% to 36%, people said.

The new product will be launched in the coming weeks and will be scaled on all Walmart channels before the holiday season, most likely leaving it the only purchase of the seller now, paying later than the end of the year.

This step enhances the rivalry between the statement and Klarna, the two largest BNPL players in the world, just as Klarna is planned to become public. Although both companies claim that they offer a better alternative for borrowers than credit cards, claims more oriented to the US and is public since 2021, while the Klarna network is more global.

On Monday, Affert shares fell by 13%.

The transaction comes at a convenient time for Klarna because it reads one of the most anticipated public offers in the year. After a lack of large technological lists in the US since 2021, IPO Klarna will become a key test for the industry. Evaluation of the private market firm was an American slide: it took off 46 billion dollars In 2021 then crashed 85% next year amid a wide decrease in high -picked Fintech.

CEO Sebastian Symotkowski worked on the improvement of Klarna’s prospects, including that they used its use generative artificial intelligence To cut costs and quantity. According to analysts, the company returned to profitability in 2023, and its estimate is approximately $ 15 billion, which is virtually corresponding to the state market value.

The OnePay Deal – This is ‘Game Change’ for Klarna, Siemiatkowski said exemption confirming the pact.

“Millions of people in the US store in Walmart every day – and now they can make it wise to shop with the OnePay party loans running on Klarna,” he said. “We look forward to helping Refefine Checkout in the world’s largest retail – both online and in stores.”

As part of the OnePay transaction can take a position in the cloud. In it F-1 feedClaorn stated that she concluded a “commercial agreement with the world partner”, in which she provides orders for the purchase of more than 15 million shares for an average price of $ 34 each. OnePay is a partner, people who know this deal have confirmed.

To assert this step, it will probably be considered as a blow at a time when the stock of technology is particularly vulnerable. Manages the CEO Max Levchina Enhancement Co -founder, campaign shares have increased and fell from IPO 2021. This year, the creditors’ shares decreased by 18%by Monday.

Claiming executives often mention their partnerships with large traders as a key engine of purchasing and buying customers. In November, the CEO of income, the statement, Way Memormentioned in Walmart and other ties, including with those Amazon. Shop and Target as “partnerships”.

The statement of the statement had this statement: “We will win the business if the traders want the highest performance and maximum cost, given our benefits on the markets of Anderiting and capital. We will continue our long-term competition strategy and join sustainable partnerships.”

The deal is not less followed from the OnePay Walmart that grew up to 2.5 billion dollars A preliminary assessment of money only two years after expanding the product set for its customers.

Now the startup has more than 3 million active customers and generates more than $ 200 million at an annual rate.

As part of their pressure on penetration in areas adjacent to the main business, the Walmart executives played the potential onePay to become the only stop for Americans who are not subjected to traditional banks.

Walmart – the world’s largest retailer and says Ribbit Capital – key advantage in acquiring new customers.

Last year Fintech supported by Walmart started to offer BNPL lend on the passages and on the pages of the Walmart box office, CNBC reports at the time. This led to the assumption that the statement that was an exclusive provider of BNPL loans for Walmart from 2019 would eventually be supplanted.

The OnePay transition to a partner with Klarna, not just that the company shows that the company saw the advantage in the transition with an experienced, large -scale supplier compared to using its own solution.

It is expected to press onepay on consumer lending to speed up its Walmart customer conversion to Fintech applications. Consumers related to cash are increasingly relying on loans to meet their needs, and the installment loan is considered as a wedge to also offer the users of banking, savings and payments that onepay has already built.

Americans have recorded a record 1.21 trillion dollars According to the credit card debt in the fourth quarter of last year, about $ 441 billion is higher than the remains in 2021, according to Federal Reservers Bank of New York Data.

“It has never been more important to give consumers simple and convenient ways to access a fair loan at the sale point,” said OmePay Oomer ISMAIL. “This is especially true of millions of people who turn to Walmart every week.”

Next, probably release his partnership with Capital One.

“We look forward to receiving this new way where not only they can provide credit John David Renini told investors in June.

– Mackenzie sigalos and Melissa Repko made this report Mackenzie Sigalos and Melissa Repko.