Fintech Billie cooperates with Klarna

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

Klarna merchants are now offering Billie 's "Buy now, pay later" payment method to their business customers worldwide. This will allow online shops in Germany 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 thus an alternative to credit cards. Klarna has been offering the method for private individuals for some time, but the option is only new for business customers. "By partnering with Billie, we are expanding our product offering to include an important area that is in demand by many of our merchants but not yet sufficiently served by us," says Koen Köppen, CTO of Klarna.

More than 250,000 merchants now use Klarna as their payment service provider. Billie's "buy now, pay later" feature can be activated by customers, according to a report from Finance Forward 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, and "buy now, pay later" has been part of its portfolio for business customers for around two years. By February 2021, more than 100,000 businesses had used the feature called "Billie Boost," according to the startup.