back Back

Dutch start-up iBilly selects Klarna Kosma for open banking

By Gloria Methri

January 17, 2023

  • Europe
  • FinTech
  • iBilly
Share

Klarna Kosma, Open Banking, FinTech, SwedenKlarna Kosma, Klarna’s financial technology platform for banks, FinTechs, and innovative retailers, has joined forces with iBilly, the Dutch personal finance app, to give its users a data-driven, one-stop overview of their finances. The new partnership brings iBilly’s innovative budgeting technology to customers across Europe.

Launched in 2021, iBilly is a budgeting app that uses AI technology to enable users to streamline their bank accounts, budgets, and saving goals in one place. Whether users want to save for retirement or get on the property ladder, the app provides them with insights into their current and future financial situation by retrieving and categorizing transactions. This gives them an ideal overview of their income and expenses daily.

Noting that open banking was the “key to expansion”, iBilly turned to Klarna Kosma, which provides simple access to banks and helps FinTech services to reach a global scale.

Partnering with Klarna Kosma allowed iBilly to expand across Europe, connecting them to over 15,000 banks with a single integration. This resulted in monthly user growth increasing by 28% and over 70% of new users moving forward with onboarding.

Mo Radjab, CEO of iBilly said, “Working with Klarna Kosma has enabled us to accelerate ahead of our competitors by connecting us with banks across Europe and helping us to attract a huge increase in users. Our partnership means we can focus on innovating the app to generate smarter insights to help our users budget, save and maintain healthy finances – which is our goal.”

Wilko Klaassen, VP for Open Banking at Klarna Kosma said, “With access to Klarna Kosma, iBilly has already expanded its reach and helped new users budget and save money – an aim shared by Klarna. Klarna Kosma is helping to power businesses by providing the essential building blocks for innovation in financial services. It is fantastic to welcome iBilly to the platform and we look forward to being part of their further growth and continued success, helping even more users to shore up their finances.”

Previous Article

January 17, 2023

Upstox partners with TradingView to offer dedicated desktop platform

Read More
Next Article

January 17, 2023

Opus powers the switch transformation space by offering innovative payment solutions

Read More






IBSi Daily News Analysis

UAE, money transfer

June 14, 2024

Europe

Digital remittances surge as key lifeline amid global economic challenges, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

June 14, 2024

IDVerse brings Identity Verification solution to Temenos Exchange

Read More

June 14, 2024

Lumin Digital & Pinwheel team to strengthen Banks and Credit unions

Read More

June 14, 2024

Over 44% of U.S. consumers embrace AI in banking, prioritise fraud detection–with a few caveats

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023