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Klarna UK hits 7 million customers

Global payments and shopping provider Klarna, has announced figures showing sustained growth both in the UK and globally. Year-on-year global volumes and revenue increased by 32% and 31% respectively while the volume processed now amounts to over $35 billion.

Since launch, more than 7 million customers have now used Klarna in the UK, an increase of 2x compared to last year. Over the past 12 months, a new order was made every 1.3 seconds and over 1.6 million UK customers have downloaded the Klarna app to date. In the last six months of 2019, an average of over 88,000 new UK customers a week chose Klarna’s Pay later services at checkout.

Klarna currently has more than 5,000 live merchants in the UK, including over 500 UK brands which have launched in-store offerings with Klarna in 2019, including high-street giants Schuh, Thomas Sabo and Halfords.  Klarna is one of Europe’s most valuable private FinTech companies, valued at $5.5 billion in 2019. This valuation ranks it among the world’s top privately held FinTech unicorns. Globally, Klarna partners with over 200,000 merchants, adding 75,000 during 2019, and has been used by over 85 million customers and processes over 1 million transactions a day on the platform. More than 11 million customers use the Klarna app on a monthly basis globally, with an average of 37,000 new app downloads every day.

The company, founded in Sweden in 2005, is now live across 17 markets, having most recently launched in Australia. The firm employs over 2,700 people worldwide, 120 of whom are based in the UK spread across its two offices, London and Manchester.

Luke Griffiths, General Manager at Klarna UK, said: “These landmark numbers are testament to the enduring growth we have achieved, by offering customers newfound financial flexibility, enabling shoppers to get what they love, as well as remaining dedicated to our merchant partners across the country.”

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