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Klarna Hits 11 Million UK Customers as UK Revenue Soars 30% in Breakout 2024
Klarna, the AI-powered payments and commerce network, crossed 11 million active customers and has doubled its merchant base in a year to 60,000, launching with names like Argos, eBay, Eurostar and John Lewis. The UK is now Klarna’s third-biggest market globally, with revenue up 30% in 2024 alone. It’s a major moment for the Swedish fintech giant as it cements its place in the British retail scene.
Since launching in the UK ten years ago, Klarna has helped shoppers avoid nearly half a billion pounds in interest by offering a simpler, fairer alternative to credit cards. As well as avoiding interest charges, BNPL customers have lower outstanding balances, which they clear more quickly, than credit card users: the average outstanding BNPL balance was £150 compared with £1,295 for credit card.
In fact, the growing use of BNPL is helping consumers ditch higher-risk forms of credit such as credit cards altogether. A study by research consultancy Capital Economics found that 1 in every 2 BNPL customers had reduced their credit card usage after discovering BNPL.
“Eleven million UK customers is a huge moment for us,” said Raji Behal, Head of Southern and Western Europe, UK & Ireland. “We’ve gone from challenger to champion — and we’re just getting started. With more retailers, smarter tools and even better experiences, we’re putting power, and money, back into the hands of shoppers.”
Klarna now works with nearly 60,000 UK retailers — almost double the number from just a year ago. Globally, Klarna serves 93 million active consumers and more than 675,000 merchants. The company offers a range of services including flexible payments, delivery tracking and spending insights, all designed to give shoppers more control.
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Companies In This Post
- MANTL Clients Raise Over $3 Billion in Deposits From Existing Banking Relationships in Six Months Read more
- MiniPay Turns Two with 10 Million Wallets and 270 Million Transactions Pointing to Stablecoins Leading Web3 Read more
- FinSight Ventures Launches $50 Million First-of-Its-Kind Index Fund for Generative AI Leaders Read more
- Davies Appoints Mark DiMaio as Head of Capital Markets to Drive Global Expansion Read more
- MindBridge Launches Agentic Interface Connecting Finance Professionals to Trusted AI Insights Read more
MANTL Clients Raise Over $3 Billion in Deposits From Existing Banking Relationships in Six Months
MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that its clients raised over $3B in deposits with existing banking relationships in the first half of 2025. This achievement highlights the significant opportunity financial institutions have to achieve low-cost, sustainable growth by strengthening customer and member relationships and driving banking primacy with omnichannel account opening technology.
MiniPay Turns Two with 10 Million Wallets and 270 Million Transactions Pointing to Stablecoins Leading Web3
Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that MiniPay has reached 10 million activated wallets. Two years ago MiniPay set out to make digital dollars feel effortless. Today, the wallet marks its second anniversary with proof that everyday stablecoin money is no longer a theory. Since launch, MiniPay users have activated 10 million MiniPay wallets, showing 500% YoY growth, and completed 271 million transactions moving over $270 million on-chain. The app now runs on Android, iOS, and within the Opera Mini browser in 60 countries, where a typical transfer finalizes in about one second and costs roughly $0.001, a fraction of what legacy rails demand.
FinSight Ventures Launches $50 Million First-of-Its-Kind Index Fund for Generative AI Leaders
FinSight Ventures, a global venture fund specializing in late‑stage technology investments, today announced the launch of the FinSight Generative AI Index Fund, a $50 million investment vehicle designed to back the global leaders of generative AI. The fund aims to provide investors with a single entry point into a curated portfolio of 12 companies that already represent the commercial backbone of generative AI.
Davies Appoints Mark DiMaio as Head of Capital Markets to Drive Global Expansion
Davies, the leading specialist professional services and technology firm serving insurance and highly regulated markets, has announced the appointment of Mark DiMaio as Head of Capital Markets.
MindBridge Launches Agentic Interface Connecting Finance Professionals to Trusted AI Insights
MindBridge, the global leader in AI-driven financial risk intelligence, today announced the launch of a groundbreaking agentic interface designed to seamlessly connect finance professionals with the trusted insights of the MindBridge AI platform.
Stablecore Raises $20M to Bring Stablecoins, Tokenized Deposits and Digital Assets into Banks and Credit Unions
Stablecore, the platform enabling community and regional banks and credit unions to offer stablecoins, tokenized deposits and digital asset products, today announced $20 million in funding. Led by Norwest and with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund and others, which represent more than 290 limited partner banks and credit unions, this news comes at a crucial time following the passage of the GENIUS Act in July 2025.
Capitolis Appoints Fintech and Capital Markets Executive Melanie Carucci as Global Head of Sales
Capitolis, the financial technology company, announced the appointment of Melanie Carucci as Global Head of Sales, effective September 15. Reporting to Gil Mandelzis, Founder and Chief Executive Officer of Capitolis, Carucci will be responsible for leading the company’s global sales strategy and execution, overseeing commercial growth, and deepening strategic client relationships.
MANTL Clients Raise Over $3 Billion in Deposits From Existing Banking Relationships in Six Months
MANTL, an Alkami solution team and leading provider of loan and deposit account opening technology, today announced that its clients raised over $3B in deposits with existing banking relationships in the first half of 2025. This achievement highlights the significant opportunity financial institutions have to achieve low-cost, sustainable growth by strengthening customer and member relationships and driving banking primacy with omnichannel account opening technology.
MiniPay Turns Two with 10 Million Wallets and 270 Million Transactions Pointing to Stablecoins Leading Web3
Opera Limited (NASDAQ: OPRA), a leading global browser and AI agent company, today announced that MiniPay has reached 10 million activated wallets. Two years ago MiniPay set out to make digital dollars feel effortless. Today, the wallet marks its second anniversary with proof that everyday stablecoin money is no longer a theory. Since launch, MiniPay users have activated 10 million MiniPay wallets, showing 500% YoY growth, and completed 271 million transactions moving over $270 million on-chain. The app now runs on Android, iOS, and within the Opera Mini browser in 60 countries, where a typical transfer finalizes in about one second and costs roughly $0.001, a fraction of what legacy rails demand.
FinSight Ventures Launches $50 Million First-of-Its-Kind Index Fund for Generative AI Leaders
FinSight Ventures, a global venture fund specializing in late‑stage technology investments, today announced the launch of the FinSight Generative AI Index Fund, a $50 million investment vehicle designed to back the global leaders of generative AI. The fund aims to provide investors with a single entry point into a curated portfolio of 12 companies that already represent the commercial backbone of generative AI.
Davies Appoints Mark DiMaio as Head of Capital Markets to Drive Global Expansion
Davies, the leading specialist professional services and technology firm serving insurance and highly regulated markets, has announced the appointment of Mark DiMaio as Head of Capital Markets.
MindBridge Launches Agentic Interface Connecting Finance Professionals to Trusted AI Insights
MindBridge, the global leader in AI-driven financial risk intelligence, today announced the launch of a groundbreaking agentic interface designed to seamlessly connect finance professionals with the trusted insights of the MindBridge AI platform.
Stablecore Raises $20M to Bring Stablecoins, Tokenized Deposits and Digital Assets into Banks and Credit Unions
Stablecore, the platform enabling community and regional banks and credit unions to offer stablecoins, tokenized deposits and digital asset products, today announced $20 million in funding. Led by Norwest and with participation from Coinbase Ventures, Curql, BankTech Ventures, Bank of Utah, EJF Ventures, Bankers Helping Bankers Fund and others, which represent more than 290 limited partner banks and credit unions, this news comes at a crucial time following the passage of the GENIUS Act in July 2025.
Capitolis Appoints Fintech and Capital Markets Executive Melanie Carucci as Global Head of Sales
Capitolis, the financial technology company, announced the appointment of Melanie Carucci as Global Head of Sales, effective September 15. Reporting to Gil Mandelzis, Founder and Chief Executive Officer of Capitolis, Carucci will be responsible for leading the company’s global sales strategy and execution, overseeing commercial growth, and deepening strategic client relationships.