Moss partners with Klarna Kosma to boost European expansion

By Gloria Methri

Klarna Kosma, Klarna‘s financial technology platform for banks and innovative retailers has partnered with Moss, the European FinTech digitising expense management for small and medium-sized businesses.

Moss provides digital expense management and smart corporate cards to SMEs in the UK, Germany, and the Netherlands.

The partnership enables Moss to use Klarna’s Open Banking platform to gain access to its customers across the European market. Klarna Kosma will also accelerate Moss’s international expansion to new markets.

Jörg Heilmann, Senior Solution Engineer at Klarna Kosma, said, “With access to Klarna Kosma, Moss will be better equipped to drive its international expansion plans and meet its wider business goals. We recognise that Moss has a vital role to play in the European market in helping SMEs harness their financial management, and with the use of Klarna Kosma they will be able to do this on an even bigger scale.”

Mike Panzeri, General Manager UK at Moss, added, “Partnering with Klarna Kosma is a natural next step for us as we continue helping European businesses to automate their financial processes. Kosma’s Open Banking solution will enable us to power more businesses to spend smarter through greater visibility and control over their expenses and provide financial confidence in the face of challenging economic times.”

Klarna Kosma is a sub-brand and business unit of Klarna to harness the rapid growth of its world-leading Open Banking platform. Kosma provides financial institutions, FinTechs, and merchants with the essential connectivity to build the next generation of FinTech apps and services by providing simple and secure access to 15,000 banks in 27 countries around the world through a single API. Today, Kosma processes close to a billion information requests to bank accounts each year.