Moneymour’s operations will be integrated into Klarna in Q1 2020
Klarna acquires Italian startup. Source: facebook.com
Klarna announced the acquisition of Moneymour, which also signs the first step in launching Klarna’s product development hub in Milan.
Moneymour was launched in 2017 as an Italian payment method, enabling consumers to ‘buy now, pay later’. Its credit scoring engine is powered by PSD2, ensuring faster and automated credit decisions for consumers.
Moneymour’s technology could be used across Klarna’s markets, developing an even better and smoother shopping experience for consumers.
We’re impressed with what the Moneymour team has achieved so far, and we are also happy to now progress the establishment of our new product development hub in Milan. The talented team has developed an interesting offering for the Italian market, and with their knowledge and expertise, we can further strengthen our underwriting capabilities in the market. Under the Klarna umbrella, we will together further develop the proposition and scale this across markets, which will support in accelerating growth
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