Connect with us

Banking Technology

Klarna buys Italian paytech Moneymour

Published

on

Klarna has announced a deal to acquire Italian ‘pay now, buy later’ start-up Moneymour, reports Jane Connolly.

The acquisition of Moneymour – which enables consumers to pay for purchases in monthly instalments based on an instant credit assessment – is also the first step towards the launch of Klarna’s latest product development hub in Milan.

Financial details have not been released, but the transaction is expected to be completed this quarter.

Koen Köppen, CTO at Klarna, says the company has been impressed by Moneymour’s achievements to date.

“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,” Koen says.

“Under the Klarna umbrella, we will together further develop the proposition and scale this across markets, which will support in accelerating growth.”

Moneymour’s full team and operations will be integrated into Klarna.

Advertisement
Advertisement Submit

TechAnnouncer On Facebook

Advertisement
Polyhedra Network Polyhedra Network
Artificial Intelligence4 days ago

Polyhedra Network Unveils EXPchain: The Future of Trust and Scalability in AI and Blockchain Systems

Polyhedra Network, a leader in blockchain and AI innovation, proudly announces the launch of EXPchain Layer 1 on Testnet. Designed...

BRETT Sets a New Standard for Meme Coins BRETT Sets a New Standard for Meme Coins
Blockchain2 weeks ago

BRETT Sets a New Standard for Meme Coins with Social Change at Its Core

The popular meme coin Brett (BRETT) is having a stellar time, having surged about 160% since the US Presidential election’s...

A closer look at dYdX’s latest ‘Unlimited’ upgrade A closer look at dYdX’s latest ‘Unlimited’ upgrade
Blockchain3 weeks ago

A closer look at dYdX’s latest ‘Unlimited’ upgrade and why it matters for DeFi users

The decentralized finance (DeFi) landscape has witnessed exponential growth recently, with the total market capitalization of this space growing from...

Holiday Season Holiday Season
Blockchain3 weeks ago

This Holiday Season, Redeem Your Gift Cards for Crypto!

The holidays are around the corner, and so is the gifting season. According to the 2024 Deloitte holiday retail survey,...

ZIGChain soars ZIGChain soars
Blockchain3 weeks ago

ZIGChain soars as ecosystem developments mount and whales continue to accumulate $ZIG.

The last twelve months have seen the crypto market face innumerable swings, with many established projects seeing red during this...

Modern data center with advanced cooling technology in action. Modern data center with advanced cooling technology in action.
Blockchain3 weeks ago

Vertiv Partners With Ansys to Transform Data Center Cooling Systems

Vertiv has announced a strategic collaboration with Ansys to enhance its design processes for data center cooling systems. This partnership...

Futuristic landscape with wind turbines and solar panels. Futuristic landscape with wind turbines and solar panels.
Artificial Intelligence3 weeks ago

COP29: Digital Tech and AI Can Boost Climate Action

Leaders in technology and environmental sectors gathered at COP29 in Baku, Azerbaijan, to endorse a groundbreaking declaration aimed at leveraging...

Al Kingsley, CEO of the NetSupport Group Al Kingsley, CEO of the NetSupport Group
Business Technology2 months ago

The Business Cost of a Missed Message

Business leaders depend on emails and direct messages to deliver the information that keeps our teams advancing toward critical goals....

Right Airbnb Management Company Right Airbnb Management Company
Real Estate Technology2 months ago

How to Choose the Right Airbnb Management Company

Running a successful Airbnb property requires a lot of effort and time, which is why many hosts turn to Airbnb...

A Review of the Shure SM7B Microphone A Review of the Shure SM7B Microphone
Tech Reviews2 months ago

Unleashing the Power of Sound: A Review of the Shure SM7B Microphone

The Shure SM7B microphone has made waves in the audio world, becoming a favorite among podcasters, musicians, and broadcasters alike....

Advertisement
Advertisement Submit

Trending

Pin It on Pinterest

Share This