Klarna selects Liberis to offer revenue-based finance across 17 countries

By Megha Bhattacharya

Klarna has selected business finance platform Liberis for a strategic collaboration to provide additional financial services to Klarna merchants. Through this partnership, Liberis will initially provide revenue-based financing to Klarna merchants. Klarna can also offer its merchant partners flexible financing solutions, pre-approved with fair and equitable payment terms that are based on their revenues and actual transactions.

Rob Straathof, CEO of Liberis: “By making finance more personalised, intuitive and accessible, we in turn empower our partners to improve engagement, satisfaction and loyalty for their own customers. This symbiotic relationship benefits everyone. We are proud to have been selected by Klarna, one of the world’s most successful and admired fintech companies, in our shared mission to support the growth of small businesses around the world.”

According to the company, Liberis’ API-powered technology integrates directly into its partners’ platforms. These partners, typically ecommerce or payments platforms such as Klarna, can then provide their end customers with a value added service of revenue-based finance, with payment terms based on their actual transaction data.

The entire process is managed seamlessly within the Klarna ecosystem. Personalised, pre-approved financing offers are displayed within their Klarna dashboard or app. If interested, the merchant can complete a quick approval and underwriting process, and receive the funds within two business days of applying. All of the transactions for the financing – both receipt and payment – take place within the merchant’s Klarna account, at a pre-arranged rate of their choosing. The revenue-based funding options will be available immediately for Klarna merchants around the world in the coming months.

Straathof continues: “Klarna’s “Buy now Pay Later” functionality has allowed merchants to serve their customers for many years. We are thrilled to expand this functionality by offering these companies a flexible financing option, embedded within Klarna’s platform, that will bolster their businesses through hard times and periods of growth.”