'Klarna Scores Major Payment Deal With Uber Ahead Of Hotly Anticipated IPO' - CNBC
Portfolio Pulse from Benzinga Newsdesk
Klarna, a Swedish fintech company, has announced a significant global partnership with Uber, integrating its payment options into the Uber and Uber Eats apps in the U.S., Germany, and Sweden. This collaboration, one of Klarna's most notable merchant agreements, comes as Klarna prepares for a potential IPO, rumored to value the company at over $20 billion. The deal allows users to pay instantly or bundle purchases into a single payment, excluding Klarna's popular installment plans. Klarna's move to secure big pre-IPO merchant wins follows a challenging period where it saw a significant valuation drop, but it has recently reported a quarterly profit for the first time in four years.
April 24, 2024 | 1:14 pm
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Uber's partnership with Klarna to integrate payment options in its apps in the U.S., Germany, and Sweden could enhance user experience and potentially increase transaction volumes.
The integration of Klarna's payment options into Uber's apps is likely to enhance the customer experience by providing more payment flexibility, which could lead to increased usage and transaction volumes for Uber. This strategic partnership comes at a time when Klarna is preparing for an IPO, indicating a strong vote of confidence in Uber's platform and its user base. The positive impact on Uber's stock could be seen in the short term as the market reacts to this partnership, potentially viewing it as a move that will drive higher transaction volumes and user engagement.
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