CNBC·4 min read·medium
Klarna seeks U.S. bank charter in latest push beyond buy now, pay later - CNBC
H
Hugh Son
✦AI Summary
Fintech firm Klarna has applied for a U.S. banking charter in Utah to transition from a 'buy now, pay later' provider to a full-service consumer bank. This move aims to reduce reliance on third-party banking partners and lower funding costs.
Klarna , the Swedish fintech firm best known for its buy now, pay later offerings, said Monday it applied to federal and state regulators to establish a U.S. bank subsidiary .
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