Top fintech stories this week – 23 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Klarna enters the big time with banking licence

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Payments provider Klarna has powered up with a full banking licence from Finansinspektionen, the Swedish Financial Supervisory Authority. Sebastian Siemiatkowski, CEO of Klarna, says it is “now one of Europe’s largest banks with 60 million customers, 70,000 merchants and working seamlessly across borders”. With the licence, Klarna states it can broaden its product portfolio for […]

Klarna acquires BillPay

Wipro acquires InfoServer

Sweden-based payments provider Klarna has acquired a fellow payments company in Germany, BillPay. The deal is understood to be worth £60 million.

Klarna gets sweet on Cookies payments start-up

Klarna logo

German start-up Cookies crumbled, but Swedish payments provider Klarna has rumbled into action to take on its tech assets and employees. As Banking Technology reported this month, Cookies ended its short life as a peer-to-peer (P2P) payment app and applied for insolvency. At that time, Cookies co-founder Lamine Cheloufi said the other co-founder, Garry Krugljakow, […]

Klarna onboards new UK partners for its retail financing solution

Klarna onboards new UK partners for its retail financing solution

Why limit getting in debt quickly only to the Arcadia Group shoppers? Payments provider Klarna onboards a raft of partners for its retail financing solution. These include Shopify, Worldpay, BigCommerce and CyberSource.

Klarna and Arcadia launch “buy now pay later” initiative for UK

Fashionistas can now get in debt quicker

Payments specialist Klarna and fashion retailer Arcadia Group have launched a new e-commerce retail financing offering to the UK market.