Klarna applies for US banking licence
Klarna, which is listed in the US, has been making a big... Klarna says it has now over 30m customers in the US. Fintech Klarna applies for US banking licence Klarna says it has now over 30m customers in the US.
Key Takeaways
- Klarna, which is listed in the US, has been making a big play in the US, where it says it now has over 30m customers and its services include a US debit card.
The US banking market has proved a tough nut to crack for European entrants.
- The fintech said it had applied to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to set up Klarna Bank in the US.
In the US, Klarna has until now served banking services to its US customers through partner banks.
- It would mean Klarna, which has a European banking licence, for example, could offer credit products itself..
Sebastian Siemiatkowski, co-founder and CEO of Klarna, said: "Banking is built on trust.
- Revolut applied for a US banking licence, while Bunq, the Dutch challenger bank, also reapplied for a US banking licence earlier this year.
Klarna's push in the US has included partnering up with NBA legend Shaquille O'Neal on an advertising campaign.
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Klarna says it has now over 30m customers in the US. Fintech Klarna applies for US banking licence Klarna says it has now over 30m customers in the US.
Klarna, which is listed in the US, has been making a big play in the US, where it says it now has over 30m customers and its services include a US debit card. The US banking market has proved a tough nut to crack for European entrants. However, President Trump's administration is seen as more open to new entrants in the market.
The fintech said it had applied to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to set up Klarna Bank in the US. In the US, Klarna has until now served banking services to its US customers through partner banks. It says it has provided Americans with access to over $93.
For more details please read the original article at Tech.eu.
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