Buy now, pay later (BNPL) giant Klarna has selected business finance platform Liberis to support its merchant clients.
Through this new partnership, Liberis will provide revenue-based financing to Klarna’s 250,000 merchant user base.
Liberis says its solution enables Klarna to provide flexible financing solutions, pre-approved with “fair and equitable” payment terms based on revenue and transaction volume.
The vendor adds its API technology integrates directly into its partners’ platforms. From there they can provide their end customers with a “value added service”.
All of the transactions for the financing – both receipt and payment – take place within the merchant’s Klarna account.
Rob Straathof, CEO of Liberis, says the “symbiotic relationship” can “benefit everyone”.
He adds: “By making finance more personalised, intuitive and accessible, we in turn empower our partners to improve engagement, satisfaction and loyalty for their own customers.”
Klarna is fresh off the back of its mammoth $639 million funding round from SoftBank.
It is currently the highest-valued private fintech in Europe and the second-highest worldwide after Stripe.