What is Klarna?
Klarna is a Swedish online payment method. It is used for purposes such as purchases and casino top-ups.
The leading fintech brand was established in 2005 in Stockholm. It is owned and operated by Klarna Bank AB.
The company had a rocky start. However, with the help of an investor, it had a breakthrough. In 2007, the Venture firm invested in Klarna. This allowed it to expand to the rest of Scandinavia.
In 2010, they grew even further and began offering services to the Netherlands and Germany. A year later, Klarna scaled new heights. It was even listed among the ‘100 most promising young tech firms’ by The Telegraph.
Since then, Klarna has grown and absorbed several fintech firms in the Klarna Group. In 2014, Klarna merged with Sofort Banking, which was a big boost. Today, the brand processes more than a million payments daily.
Over the years Klarna has evolved into one of the largest digital banks in the European Union. It currently enjoys a fanbase of 147 million active users.
The service allows you to make direct payments to merchants over the internet. Moreover, it offers a pay-after-delivery service that can be billed in installments.
Some of the biggest online casinos in Europe offer Klarna as a payment option. However, since it is a payment processor, Klarna can only process casino deposits.
In countries like the US, Klarna is only available for merchant payments. From the look of things, however, it may be integrated into online wagering.
Away from that, the payment facilitator supports several currencies in Europe. Stick with us as we explore more about Klarna.