Klarna strengthens European growth with Marqeta link


Klarna has united with Marqeta for the growth of its offering into 13 new European markets.

By collaborating with the card-issuing platform, the firm has deepened its offering in the UK, Germany, France, Italy, Spain, Netherlands, Poland, Belgium, Austria, Ireland, Norway, Finland and Denmark.

“Klarna has seen significant growth of our consumer base in the past years, most especially in the US and partners like Marqeta support this trajectory. Marqeta’s tech platform has helped us quickly realise new or improved products in complex markets,” emphasised Koen Kӧppen, Chief Technology Officer at Klarna. “We’re happy to now work with Marqeta in Europe to further leverage this expertise as we develop our offering.”

The latest European expansion of Marqeta’s partnership with Klarna commenced with the launch of Klarna’s UK shopping app in May 2021. This was followed by a broader expansion to 12 additional markets in September, with Marqeta supporting Klarna’s one-time virtual cards in all 12 markets. 

Klarna commenced using Marqeta’s modern card issuing platform in the United States in 2018, to power its one-time virtual card in its mobile shopping app used to complete any purchase. 

“Marqeta’s partnership with Klarna is an incredible example of what our modern card issuing platform can support, helping them stand up and scale new payments experiences across three continents now,” added Jason Gardner, Founder and CEO of Marqeta. 

“We’re proud to enable such an innovative company in Klarna and are excited that they’ve shown this trust in our partnership to take on so much of their European business.”