Klarna Launches Personal Accounts
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•Klarna takes on banks with a personal account and cashback rewards ahead of IPO
72% Informative
Klarna , best known for its buy now, pay later loans, is launching a personal account for deposits and cashback rewards in the U.S. and Europe .
The move signals how Klarna is pushing deeper into banking with features that encourage people to move their spending and saving onto its platform.
The two new products will show up in the Klarna app as "balance" and "cashback" Klarna balance lets users store money in a bank-like personal account.
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