The investment will deepen ongoing collaborations between Klarna and Alipay
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.