Klarna’s Post

Can Ribbn become the next Klarna from Sweden? I dare to say yes. Earlier this year I heard Sebastian Sietmakowski on stage at Norrsken, explaining that one factor behind Klarna’s massive growth was the timing of the e-commerce revolution. Imagine a whole sector of commerce, in need to go online and have a platform to power their sales. That’s when Klarna came in and unlocked growth by making it easier to handle payments online. We’re in a similar market shift in retail right now, 18 years after Klarna’s launch. Resale and secondhand is outgrowing retail. It’s not a question of why to offer secondhand - but how. We are here, ready to remove all friction and make it easier then ever to enter resale, and build the infrastructure behind the scenes of resale. Im very excited to show the world the power of this product, let’s go team!

How did Klarna scale their collections across borders? Well, it’s quite a story. 🌎 When Klarna was founded in 2005, all collections were carried out in-house. Why? As Jan Hansson put it, they wanted to ensure that if customers fell behind, they would have a positive collections experience. 19 years later, it’s quite different - Klarna manages multiple collections partners around the world, but customer experience remains top priority. Head to the link in the comments to learn more about Klarna’s global collections story. #debtcollection #scalingcollections

Discover how Klarna consistently outdid itself during the most critical time of the year - the Peak Season 2023! Learn about the key strategies, meticulous planning, and innovative tools that played crucial roles in achieving unparalleled success in 2023, with Anu Sasidharan! #Klarna #CustomerExperience #Klarna #PeakSeasonSuccess #InnovationInAction

🌟 Exciting Case Study Alert! 🌟 At Adyen, we're proud to share success stories that highlight the transformative power of our payment solutions. Check out this fascinating case study featuring Moose Knuckles Canada and how payments became an integral part of their growth strategy. 👉 https://lnkd.in/gUWd_Xjg : Moose Knuckles Canada & Adyen Moose Knuckles Canada, a leading luxury outerwear brand, partnered with Adyen to enhance their global payment capabilities. By leveraging Adyen's innovative platform, Moose Knuckles streamlined their checkout process, optimized conversions, and offered customers a seamless payment experience across multiple channels and geographies. Key Takeaways: 🚀 Increased conversions through optimized payment flows. 💡 Expanded global reach with Adyen's comprehensive payment solution. 💬 Enhanced customer experience with frictionless payments. It's inspiring to see how forward-thinking brands like Moose Knuckles Canada are embracing digital transformation to drive business growth. Kudos to the teams involved for this fantastic achievement! #Adyen #Payments #DigitalTransformation #CaseStudy #Ecommerce #Retail #CustomerExperience #Innovation

🚀 Exciting News from Klarna! 📈 I'm thrilled to share that Klarna has just released its H1 2023 results, and the numbers are nothing short of remarkable 🌍 #backtoblack 🔑 Key Highlights: 1️⃣ Profitability Target Smashed: Klarna has exceeded its profitability target, demonstrating its strong financial performance and sustainable growth, announcing we achieved a profitable month ahead of our target 2️⃣ Continued Growth: Despite the challenges of the e-commerce landscape, Klarna continues to grow, showcasing its resilience and adaptability. We've welcomed market leaders to our network such as Airbnb, Deichmann, Selfridges UNIQLO a.m.m. 3️⃣ Elevating E-commerce: Klarna's success is a testament to its dedication to revolutionizing the e-commerce experience, making it easier and more enjoyable for both consumers and merchants. 4️⃣ AI-based Innovation: The company's commitment to innovation remains unwavering, driving forward-thinking solutions that shape the future of online shopping and fueling consumer love and loyalty. 🌏 5️⃣ Global Impact: Klarna's international presence continues to expand, impacting the global e-commerce ecosystem positively. These results reflect Klarna's unwavering commitment to providing seamless payment solutions and enhancing the e-commerce journey for millions of users worldwide. It's an exciting time to be part of this journey! #Klarna #backtoblack #AI #fintechindustry #distruptive #Ecommerce #FinancialResults #Innovation #SuccessStory Naveen Sharma Kiku Mährlein Helena Rakovski Marius Klatt Laurence Denisenko Nico Schenck @jasoncarlin Dominic Hoffmann /

🚀 Half-year results just dropped… and we’ve got some big news… 📈 Back in Black: We are elated to announce that we achieved a profitable month ahead of our target, propelling commerce with an unstoppable momentum! 🌐 Global Impact: Our Q2 revenue surged by an impressive 17% year-on-year. Retail revenue increased by 23%, as we welcomed iconic partners like Airbnb, Selfridges, Deichmann, and UNIQLO to the Klarna family. 💥 Market Dominance: In a world where global e-commerce experienced stagnation with zero growth, our Gross Merchandise Volume (GMV) grew by a remarkable 14%, while simultaneously reducing credit losses. 💥 🌍 Global Footprint: Our success story in the US continues, marked by three consecutive quarters of gross profit. 🏦 Banking Revolution: As Europe’s first AI-powered bank, we are turbocharging our mission to revolutionize retail banking with an AI-driven customer value focus. We have launched multiple streamlined solutions that save 60,000 hours annually. 🌟 AI-Powered Innovation: Exciting product launches are fueling consumer love and loyalty. Our new AI-powered search and ‘Ask Klarna’ personal shopping assistant can now return results from 10 million products, catering to every customer’s needs. At Klarna, we're not just shaping the future of payments and shopping; we're setting new standards for excellence, innovation, and customer-centricity. We are just getting started, and there is so much more to come. Read more and join us on our journey to disrupt the industry.👇 #Klarna #BackInBlack #GlobalImpact #MarketDominance #BankingRevolution #AIPoweredInnovation #DisruptingTheIndustry Nicole Defren Jesper Eriksson Christian Kehr Łukasz Dwulit Geir Østby https://lnkd.in/dag_KYn5

The 3% Rule. In the 1960s, there were no credit cards. If you wanted to buy something, you bought it. That simple. But there was another way. Layaway: Paying a deposit to secure an article for later purchase. Way back when my parents first arrived in England, this is what they used to buy us our first colour television. Credit cards, for the large part, automated the layaway and meant you could get the goods upfront. But the layaway never went away. It was just hidden. Hidden to the ordinary folk who could get credit. But what if you were young?  A Student.  Or living at home with mum and dad? Then, credit cards were just a dream. A dream from the future. A Swedish company saw this dream almost by accident. The 21st century layaway was re-born. Enter 'Buy Now Pay Later' The stories about Klarna tend to be long and winding, so they will not be re-hashed here. But what is missed is the tiny tweak that created a category. Lost in a sea of words. Sunk to the bottom of most blogs. The Virgil Abloh 3% rule. Take something familiar and change it by just 3%. That's enough to have a winner on your hands. Yes, they found an underserved customer set, but that wouldn't create a category! In case you're wondering, they simply changed the monetization collection terms. Can a simple change to the Monetization strategy help create a business? Yes! #MonetizationDIY, #monetization, #pricing, #MonetizationUniversity 

If you have purchased anything online by now you must have seen a small Klarna sign while completing the payment. 💳 Klarna offers a range of financial services, including "buy now, pay later" options, installment plans, and other payment solutions. They have simplified payment in the most innovative way and made things easier for consumers. 📈 ➢ "Buy now, pay later": This feature allows customers to purchase items and pay for them in instalments over time, rather than all at once 🎁 ➢ Installment plans: Klarna offers flexible payment plans that allow customers to pay for their purchases in equal installments over a set period of time 🥇 ➢ Marketing solutions: Klarna offers marketing solutions for merchants, which have become their fastest-growing revenue stream 📈 Klarna's offerings are available at over 7,500 retailers in the U.S., including Amazon, Nike, and Sephora. 🏆 Thank you Klarna for making our lives easier and for building an amazing way of maintaining flexibility for consumers! 👏 🚀 Julia Lilliehöök Stefano Giacone Boban Ljubinoski Kamyar Niroumand #productmanagement #productmanager #consumers #onlineshopping #klarna

🎉 Klarna is super excited to share awesome financial results for Q3, booking a profitable quarter while ramping up revenue by a massive 30%! This achievement shines even brighter against the backdrop of the substantial investments we were making just over a year ago. 📈💰 🥡 Key Takeaways: 1️⃣ We've balanced profitability and revenue growth, with Q3 operating profit of SEK 130 million vs negative SEK 2bn last year. 2️⃣ We have cut credit losses as a % of GMV by more than half compared with last year. 3️⃣ Even while controlling profitability, we've propelled revenue growth 30%, reflecting the underlying strength of the BNPL business model. 4️⃣ The US continues to shine with four consecutive quarters of gross profit, underscoring the returns on our investment in one of the world’s largest consumer markets. As we look ahead, growth has accelerated in Q3 and we will build on this momentum in Q4 with further investments to drive value to our consumers and merchants alike. 🚀 🛍️ Consumer appetite coupled with powerhouse partnerships with giants like Zalando, YOOX, and Airbnb have fueled a 22% YoY spike in GMV to SEK 243 billion, riding the wave of demand for fairer, sustainable payment solutions. 🤖 AI is our co-pilot! With several fresh AI-driven shopping features unveiled in our Fall Spotlight initiative, we're geared to provide budget-savvy shoppers with a treasure trove of holiday deals. Klarna’s Shopping Lens is just a glimpse of what's in store! Stay tuned for more updates as we continue to redefine the shopping experience. 🌟