H&M Partners With FinTech Firm Klarna

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FT
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  • Fashion retailer H&M is partnering & investing in Swedish FinTech firm Klarna

 

  • H&M hopes the partnership will elevate the modern shopping experience for consumers 

 

  • The payments services offered by Klarna will be integrated within both H&M’s physical & digital stores 

 

  • H&M’s investment in the FinTech firm is said to be around $20 million

 

  • Karl-Johan Persson, CEO H&M group commented: “We are impressed with what Klarna has achieved to date and now we will work together to elevate the modern shopping experience. This strategic partnership between H&M group and Klarna is based on a joint relentless focus on creating great customer experiences.”

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