Klarna Acquires Walmart Loans
This is a Affirm news story, published by CNBC, that relates primarily to Klarna news.
Affirm news
For more Affirm news, you can click here:
more Affirm newsKlarna news
For more Klarna news, you can click here:
more Klarna newsbanking & finance news
For more banking & finance news, you can click here:
more banking & finance newsCNBC news
For more news from CNBC, you can click here:
more news from CNBCAbout the Otherweb
Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like banking & finance news, you might also like this article about
Swedish fintech firm Klarna. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest fintech app users news, fintech firms news, banking & finance news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
consumer lendingCNBC
•Business
Business & Economics
Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

84% Informative
Klarna will be the exclusive provider of buy now, pay later loans for Walmart , taking a coveted partnership away from rival Affirm .
Walmart 's majority-owned fintech startup OnePay will handle the user experience via its app, while Klarna makes underwriting decisions for loans ranging from 3 months to 36 months in length.
The new product will be launched in the coming weeks and will be scaled to all Walmart channels by the holiday season .
"We're looking forward to going down this new path where not only can they provide installment credit.. but also revolving credit," Walmart CFO John David Rainey told investors in June . — CNBC 's MacKenzie Sigalos and Melissa Repko contributed to this report..
VR Score
85
Informative language
85
Neutral language
55
Article tone
formal
Language
English
Language complexity
54
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
Source diversity
3
Affiliate links
no affiliate links