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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN) OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets ComplyAdvantage Fintea Chats: Lucy Heavens on Compliance, Technology and the Future Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts APEXX Global Announces $10 Million Investment from Finch Capital to Accelerate Global Growth Pluto Finance appoints Carl Bowcher as lending director Clearwater Analytics and TreasurySpring Announce Platform Integration for Fixed-Term Cash Management Swedish AI Company Fintower Raises €1.5 Million in Oversubscribed Seed Round Eltropy Enters 2026 With Record Growth and Expanding Momentum ING: AI Will Redefine Banking Careers ANZ Launches Agentic AI-Powered CRM to Transform Business Banking Zip US Expands Flexible Payment Options with Launch of Pay in 2

Home » News » Gen Z Budgeting App Buddy Partners with Klarna Kosma to Enable Automatic Budget Tracking

March 2 2023

Gen Z Budgeting App Buddy Partners with Klarna Kosma to Enable Automatic Budget Tracking

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Buddy, one of the most popular budgeting app in the world for Gen Zers and young people, has partnered with Klarna Kosma, Klarna Kosma, Klarna‘s financial technology platform for banks, fintechs and innovative retailers, to allow Buddy users to connect their bank to automatically and seamlessly track expenses for greater budgeting accuracy and efficiency.

With over 3M users, Buddy is the fastest-growing budgeting app on the App Store for Gen Z internationally, garnering over 25,000 five-star ratings. The app provides a simple way to build and share budgets, track expenses, and better understand overall financial health. The bootstrapped company has become the most popular app of its kind in Australia, Canada, Denmark, France, Netherlands, Sweden, and others, and the second most popular in the US.

Better Accuracy, Efficiency and Flexibility For Users

Buddy’s partnership with Klarna Kosma will provide users with the option to directly link their incomings and outgoings from their bank thanks to Klarna Kosma’s open banking API, add manually, or do a mix of both. This makes it easier than ever before for people to track their expenses, gain valuable insights into their spending habits, and better control their finances.

The new feature enables users to check account balances in real-time, monitor their spending and even set up payment reminders, all from one centralised place. With an added layer of security, users are able to safely track their spending with just a few taps.

Budgeting in a Cost of Living Crisis

With increasing inflation, rising energy costs, and a volatile housing market, the cost of living crisis means budgeting is more important than ever for young people. During such turbulent times, Buddy aims to not only help people gain control of their budgets, but to educate them on how to make responsible decisions around spending and saving. This is especially pressing for younger people, with a 2021 report from the TIAA Institute and the Global Financial Literacy Excellence Center (GFLEC) at the George Washington University (GW) School of Business showing Gen Zers have the lowest levels of financial literacy of any generation.

“Buddy’s mission is to empower young people with the knowledge of how to spend and save sustainably,” said Buddy’s Founder and CEO, Olle Lind.

“Through this integration we’re helping individuals gain control of their finances by offering an easy-to-use, intuitive budgeting app that connects directly to their bank feed, helping them to manage their money during this difficult financial period and beyond. We’re giving users peace of mind in knowing that their Buddy app is always up-to-date, which results in much better budgeting visibility.”

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Olle Lind

Buddy

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Klarna Kosma

Buddy

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Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants

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The 24th NextGen Payments and RegTech Forum x FFNews

Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants

Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.

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WHY THIS MATTERS: Chargebacks have become one of the most damaging—and often overlooked—risks for high-growth e-commerce and SaaS businesses. Beyond lost revenue and fees, elevated dispute ratios can threaten merchant accounts and restrict access to payment processing altogether. As digital commerce scales, manual dispute handling and fragmented alert access are no longer viable. This launch reflects a broader shift toward prevention-first payment operations, where disputes are intercepted before they escalate. Simplifying access to networks like Verifi and Ethoca, while automating resolution workflows, lowers the barrier for merchants to protect revenue and maintain healthy processing relationships. In an environment where margins are tight, chargeback prevention is increasingly a core component of payments infrastructure. Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing. Chargebacks have long been a persistent cost factor for merchants. When a customer disputes a payment, businesses not only lose the transaction amount, but also the product, fulfillment costs, and chargeback fees, while risking damage to their merchant account standing. “Verifi and Ethoca alerts are highly effective in letting you refund a transaction before it becomes a chargeback. But accessing them traditionally meant dealing with multiple vendors, complex integrations, and paying premium fees. Chargebase was built to fix this, with the idea to make chargeback prevention accessible to everyone.” Serhii Zubakhin, Client Partner at Chargebase Chargeback Prevention Accessible to Every Merchant Chargebase offers a simple, unified way for merchants to prevent disputes before they turn into chargebacks. Through real-time alerts triggered the moment a customer initiates a dispute with their bank, merchants can issue a quick refund and avoid a costly chargeback entirely. With Chargebase, merchants can: Reduce chargebacks Protect merchant accounts from exceeding the 0.9–1% chargeback threshold Eliminate manual dispute workflows, reducing operational overhead Scale confidently, without fear of losing payment processing due to chargeback ratios A Platform Built for Speed and Automation Unlike traditional providers that simply relay alerts, Chargebase automates the alert-resolution process end-to-end. The platform matches alerts to orders, handles backend communication with Verifi and Ethoca, and reduces the manual steps merchants normally have to take. Key differentiators include: Automation-first architecture that minimizes manual processing Unified access to both Verifi and Ethoca networks in one platform Flexible configuration – custom workflows, notification preferences, and integrations shaped around each merchant’s operations Transparent pricing accessible to startups, mid-market, and scaling brands Flexible Pricing Designed for Growth Chargebase uses a simple, transparent pay-per-alert model that ensures merchants only pay when the platform actually helps them avoid or resolve a dispute. Plans depend on the network, with no setup fees, monthly minimums, or long-term commitments. Importantly, merchants are charged only for valid alerts – double alerts and false alerts are never billed. This structure makes enterprise-grade chargeback prevention accessible to startups and scaling businesses alike, without the heavy upfront costs or opaque pricing. Availability Chargebase is now available to merchants of all sizes=

Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts

Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.

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APEXX Global secures up to $10 million investment from Finch Capital with Radboud Vlaar joining as Chairman, as CEO Peter Keenan scales its payment orchestration platform.

APEXX Global Announces $10 Million Investment from Finch Capital to Accelerate Global Growth

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Lüt partners with Safe Harbor to expand compliant closed-loop payments for cannabis and specialty merchants, featuring Michael Andrud and Ean Mullins.

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