Klarna and bolt announced a partnership Monday, who will see Klarna’s payment options integrated into the Bolt operating system.
This agreement means that Klarna will appear as a purchase now, she will later pay the choice of bolts. Traders using Bolt can offer Klarna’s pay in 4 or monthly funding options to buyers in physical stores and buyers can choose this option with a single click. The integration will be released later this year, first in the US and then in other markets around the world.
In a statement given to TechCrunch, Ryan Breslow, co -founder and chief executive of Bolt, told us that the partnership was “much larger than two companies working together”.
“It is a clear sign that trade is moving in a completely new direction,” he said, adding that this will be no longer buying now, paying the choice later, but rather “a completely new model that offers the best in the class, flexible customer experience without new contracts or technical lifts”.
Klarna, who was waiting for the wings to go public from spring, describes the partnership as a means to lead the long -term faith for herself and the traders.
“With the integration of Klarna into thousands of bolt traders, we escalate our American footprint and making Klarna available everywhere the consumer store,” a Klarna spokesman said.
This latest collaboration is a big deal for Bolt for other reasons. Fintech has competed in recent years with legal challenges and upset investors. In March, Bolt Breslow’s founder returned as CEO after resigning in early 2022.
In August, Bolt tried to raise $ 450 million in a possible $ 14 billion assessment, but was an agreement on strange terms, including a threat of “Cramdown” for existing shareholders. There were no updates on this obvious agreement, but Bloomberg said earlier this month that Breslow was once again looking for an increase. This time, he is looking for at least $ 600 millionHalf of which would go to Bolt, while the other half would go to his other start, love. Breslow said Bolt has in at least three years of corridor left.
Earlier this month, Bolt also announced A collaboration with Palantir To start a personalized checkout that works with AI that remembers consumer purchases. He wants to expand this checkout to all his traders and to the new Bolt superapp, a “Crypto with one click and daily payments” app, as he described to us in an April interview.
Adding two big names as partners, Klarna and Palantir, is the kind of step that could help clean the reputation of Bolt as it seeks to increase again.
