8.6 C
New York
Friday, October 22, 2021
Home News Klarna strikes again, buys Italian Moneymour

Klarna strikes again, buys Italian Moneymour

Klarna has acquired the Italian ‘pay now, buy later’ start-up Moneymour and established a new hub in Milan, from which Moneymour origins.

Moneymour enables consumers to pay for purchases in monthly based installments on an instant credit assessment that uses balance and transaction data from Open Banking feeds in the credit scoring algorithm.

Related: Pay later with Klarna! Retailers discuss future on Klarna’s platform

Koen Köppen, CTO at Klarna, says: “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. Under the Klarna umbrella, we will together further develop the proposition and scale this across markets.”

Koen Köppen, says Klarna has been impressed by Moneymour’s achievements to date and Moneymour’s full team and operations will be integrated into Klarna. The transaction is expected to be completed in Q1 2020.

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

N26 has raised $900 million and is worth $9 billion

This way N26 became the second highest-valued bank in Germany, slightly ahead of Commerzbank.

Klarna is strengthening credit checks

Klarna, the “buy now, pay later” credit company, has unveiled important changes to its services in the UK.

Nik Storonsky has opened family office in London

According to Sifted, CEO of Revolut Nik Storonsky has decided to open a family office in London, UK. This...

Curve reported serious operating losses

Fintech Curve has reported an operating loss of £37.9 million in its annual results for 2020.