Klarna's New Fintech Offerings: Balance Accounts and Cash Back Rewards
Klarna's New Fintech Offerings: Balance Accounts and Cash Back Rewards
Klarna is shaking up the fintech world with its latest offerings!** The Swedish company has introduced two new products: Balance Accounts and Cash Back Rewards. Balance Accounts allow users to store money and pay for purchases in full or installments, while Cash Back Rewards offer a percentage of the purchase back at participating retailers. These new features are part of Klarna's evolution from a buy now, pay later company to offering more traditional banking products. But will this move put Klarna in competition with digital banks like Revolut? Only time will tell. Want to stay up-to-date on the latest fintech news? Sign up for TechCrunch Fintech here.