Klarna Market to See Strong Growth Momentum | Klarna, Afterpay

Latest Study on Industrial Growth of Klarna - Competitor Market 2021-2027. A detailed study accumulated to offer Latest insights about acute features of the Klarna - Competitor market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

The Major Players Covered in this Report: Klarna, Afterpay

Klarna is a Swedish online payment service provider. Established in 2005, the company now serves over 90 million customers and is accepted by over 250,000 merchants across 17 countries. Klarna acquired SOFORT in 2014, turning it into one of the largest payment service providers in the European ecommerce space. As per our 2021 Financial Services Consumer Survey, Klarna accounts for 15% of total ecommerce sales in Sweden, 13% in Norway, and 8% in Finland.

Klarna offers both immediate and pay-later options for ecommerce purchases, allowing customers to make payments after receiving the purchased items. It also offers an extended credit financing option through which users can make payments in monthly installments across up to 36 months. Klarna acts as a mediator between merchants and buyers and assumes the fraud and credit risk involved in transactions. To offer enhanced convenience, Klarna also offers an interest-free installment payment option, enabling customers to pay in three or four equal installments using a debit or credit card.

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Scope
- In February 2005, Klarna was founded under the name Kreditor in Sweden.
- In March 2017, Klarna partnered with ecommerce platform Shopify to enable merchants in nine countries (including the US and the UK) to offer their customers an instant financing option for online purchases.
- In July 2018, Klarna announced the launch of Klarna Card, which can be used for both in-store and online payments.
- In August 2021, Klarna expanded its partnership with cross-border ecommerce platform Global-e to offer Klarna’s payment services to Global-e merchants across the US, the UK, France, Spain, Italy, and Australia.

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Reasons to Buy
- Gain insights into Klarna's business operations and key events.
- Gain insights into its product portfolio.
- Assess the competitive dynamics in the alternative payments industry by comparing its performance against competitors.

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