Alibaba invests in Klarna 

The investment will deepen ongoing collaborations between Klarna and Alipay

Ant Financial and Klarna

Alibaba invests in Klarna. Source: facebook.com

Ant Financial, the payment affiliate of Alibaba Group, has acquired a minority stake in Klarna as they strengthen partnership to bring more convenient financial services worldwide.

Anti Financial’s investment in Klarna supports the further development of their strategic cooperation. This way, Klarna will be able to provide innovative solutions to consumers and merchants within the broader Alibaba ecosystem.

Besides, Klarna and Alipay have already been collaborating via Alibaba’s global marketplace, AliExpress. It currently enables customers at AliExpress to use Klarna’s popular ‘Pay later’ solution across multiple markets.

For too long consumers have had to endure non-intuitive, boring and overly complex services when shopping both online and offline. At the heart of this cooperation between Klarna and Alipay is a shared ambition of innovating truly superior shopping experiences and creating destinations of inspiration for consumers across the world. Alipay, and the wider Alibaba Group, have truly set the global pace on retail innovation and the app economy. We are delighted in this confidence shown in Klarna in defining the future of payments and shopping and are very much looking forward to working together further in the future
Sebastian Siemiątkowski, CEO at Klarna

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