Klarna selects Liberis to provide financing to e-commerce companies
Buy now pay later big hitter Klarna has selected Liberis to embed revenue-based financing options for its merchant and e-commerce customers.
Rob Straathof, CEO at Liberis, says: “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.”
He adds: “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.”
How it works
Liberis’ API powered technology integrates directly into its partners’ platforms.
These partners can then provide their end customers with a service of revenue-based finance, with payment terms based on their actual transaction data.
The entire process is managed within the Klarna ecosystem.
Personalised, pre-approved financing offers are displayed within the venture’s dashboard or app. If interested, the merchant can complete an 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.
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