Klarna and Stripe expand partnership powering merchant payments across 25 markets

credit: Ralf Liebhold / Shutterstock
credit: Ralf Liebhold / Shutterstock

Klarna has strengthened its partnership with global financial infrastructure platform Stripe to expand the latter’s payment capabilities in 25 countries. 

With these countries now being able to instantly offer Klarna to its customers, the Swedish BNPL provider revealed that the Stripe partnership has already had profound success with its merchant base. 

Klarna confirmed that, due to Stripe’s financial infrastructure platform, the number of new merchants facilitating its BNPL more than doubled in Q4’ 2024 compared to previous quarters. 

David Sykes, CCO of Klarna, said: “At the core, Klarna is a global network connecting 85 million active consumers with retailers. The more retailers we add, the more consumers we attract and vice versa. 

“The ambition is to make Klarna payments available everywhere, for everything, all the time. Stripe is now a top choice for both Fortune 500 companies and the world’s most ambitious startups, and we see them as a great distribution partner for us.” 

Klarna has shown an increased focus on merchant relationships as it continues to be a leader in BNPL payments and AI-tailored shopping solutions. 

A recent study from Stripe found that businesses offering BNPL generated an increase of up to 14% in revenue from increased conversion and higher average order values. 

The global payments company, valued at nearly $70bn, launched a new function that enables businesses to instantly A/B test payment methods, including Klarna’s offerings, without the need to write code.  

The new feature affords companies like Klarna to gain deeper insights into the revenue they generate which in turn will help compare payment methods and drive revenue.

Jeanne DeWitt Grosser, Chief Business Officer at Stripe, added: “Stripe is now the easiest way for businesses to offer Klarna. Thanks to our partnership, businesses on Stripe will continue to grow their revenue and offer consumers more options in how they can pay.”