Fintech Billie cooperates with Klarna

Away from the credit card: Klarna and Billie cooperate with "Buy now, pay later".

Klarna merchants are now offering their business customers worldwide the "Buy now, pay later" payment method from Billie. Online stores in Germany will be able to use the technology from the beginning of 2022, after which it will be available throughout Europe.

"Buy now, pay later" allows customers to buy goods immediately and pay later. The payment method is therefore an alternative to credit cards. Klarna has been offering this method to private individuals for some time, but the option is new for business customers. "By partnering with Billie, we are expanding our product range to include an important area that is in demand from many of our merchants, but which we do not yet serve sufficiently," says Koen Köppen, CTO of Klarna.

Over 250,000 merchants now use Klarna as a payment service provider. Customers can use Billie's "buy now, pay later" function, according to a report by Finance Forward can now activate it themselves. It appears automatically in the Klarna checkout.

The trio of Christian Grobe, Matthias Knecht and Aiga Senftleben founded the Berlin-based start-up Billie in 2016. "Buy now, pay later" has been part of the portfolio for business customers for around two years. According to the start-up, more than 100,000 companies had used the function called "Billie Boost" by February 2021.