FF News Logo
Thursday, June 11, 2026
Finastra x FF News

Breaking News

Reset Raises $6 Million Seed Round Anchored by Credit Union Customers to Expand Embedded Earned Wage Access Platform Members First Credit Union Selects Mahalo Banking to Modernize Digital Experience Alongside Core Transformation Why Progressive Modernisation is the Smart Way to Upgrade Core Banking Network International and Compass Plus Technologies Celebrate 20 years Powering Digital Payments Across Africa Stopping Profit Leakage with Torus, payabl., and Raiffeisen Bank International EXCLUSIVE: “The Power of Foresight” – Kunal Galav, Marija Nakevska and Jérémie Bouguéon, Pleo in ‘The Fintech Magazine’ Volante Technologies Launches “Vol360i” Agentic AI at the Core of Payments, Setting a New Global Standard for Intelligence in Banking Titan Secures $3M in New Funding to Further Scale Its Banking Native AI Platform for Financial Services Feedzai Opens $9 Trillion Fraud Intelligence Network to Every Bank Taskize Partners with Global Relay to Transform Financial Services Comms Archiving PAIR Finance accelerates in France and Appoints Thomas Duvacher as Managing Director SDB Wallet Launches Digital Wallet Services Amdocs: End-to-End Core Modernization and High-Impact Agentic Acceleration Wise Alumni Launch Record OS Following $2m Pre-Seed Raise Chase Expands Digital Hub for Small Businesses with New Innovative Tools and Insights

February 11 2021

Klarna launches bank account in Germany

Share this post:

Share on LinkedIn Share on WhatsApp

The buy now, pay later giant Klarna is poaching into banking with launching its first current account.

Klarna is also allegedly worth $25-30bn with closing a new $500m, three sources with insight told Breakit.

Read also: Revolut aims to introduce remittance service in India

The company will initially offer selected German customers the opportunity to open an account. To do this, the FinTech uses its Swedish banking license, with which it can offer banking services across the EU.

“Our focus is to provide a superior shopping experience to our consumers at the intersection of retail and banking,” said Klarna CEO Sebastian Siemiatkowski.

For example, users have the option of setting up fixed budgets for certain shopping categories in order not to waste too much money in the shopping frenzy. The account is secured using biometric identification data such as fingerprint and face recognition.

“Klarna is built on digital account openings and AI,” said Richard Crone, a payments consultant. “Most legacy banks don’t have those capabilities, especially community banks and credit unions.”

Klarna’s bank accounts will allow users to pay with a Visa card, or use Apple or Google Pay.

[mc4wp_form id=”2736″]

The Swedish BNPL provider has raised $650 million in funding led by Silver Lake with the valuation of the company hitting $10.65 billion last year.

“Klarna is one of the most disruptive and promising fintech companies in the world, redefining the eCommerce experience for millions of consumers and global retailers, just as e-commerce growth is accelerating worldwide and rapidly shifting to mobile,” said Jonathan Durham, managing director of Silver Lake Partners, in a release announcing the deal last year.

If the funding of $500m would be confirmed, this would mean Klarna has raised $1,15bn during just a year.

  1. Reset Raises $6 Million Seed Round Anchored by Credit Union Customers to Expand Embedded Earned Wage Access Platform

    Funding

     Read more
  2. Members First Credit Union Selects Mahalo Banking to Modernize Digital Experience Alongside Core Transformation

    Fintech

     Read more
  3. Why Progressive Modernisation is the Smart Way to Upgrade Core Banking

    Event Videos 2026

     Read more
  4. Network International and Compass Plus Technologies Celebrate 20 years Powering Digital Payments Across Africa

    Fintech

     Read more
  5. Stopping Profit Leakage with Torus, payabl., and Raiffeisen Bank International

    Fintech TV

     Read more
FTT AI Transformation x FFnews
More On