Klarna and H&M Expand Their Partnership to US Stores

Swedish point of sale lender Klarna and retail fashion giant H&M have expanded their partnership to the U.S.; Klarna’s financing options will be available in the fall in all 580 U.S. stores as well as online; the program will be for H&M members only and will be managed through their app and loyalty program; last year H&M paid $20 million for just under 1% of Klarna; Klarna chief commercial officer Michael Rouse said, “The foundation of the Klarna and H&M partnership is a commitment to continuously develop smarter, simpler and engaging shopping experiences.” Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

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