The two most expensive fintech startups in Europe and the United States have announced a partnership. Retailers using Stripe will now be able to accept payments from customers using Klarna.
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The services will work together in 18 EU countries, the UK and the US. This will give Klarna access to Stripe’s multi-million audience in these countries.
In turn, the payment service will be able to increase the volume of payments passing through it. Beta results showed that the Klarna integration resulted in a 27% increase in sales for Stripe partner retailers.
The companies have also agreed that Stripe will become Klarna’s premier payment partner in the US and Canada.