1 million transactions are processed a day on the Klarna platform

Klarna has seen accelerated growth and demand from retailers and consumers despite taking precautionary measures during the first half of 2020 due to Covid-19.

Klarna registered strong growth in gross merchandise volume and total net operating income of 44% and 36% respectively YoY.

Gross merchandise volume now amounts to USD 22bn and total net operating income is USD 466m.

The company added more than 35,000 retailers to the strong global retailer base of more than 200.000, or approximately 200 new per day.

Klarna added almost 14 million consumers, with especially strong growth in the US and UK where the number of consumers has grown with close to 550% and 120% respectively compared to the same period last year. 

The number of monthly active app users has increased by almost 2x to 12 million, compared to the same period last year.

There are approximately 45.000 app installs every day globally, which is 3x as fast compared to the same period last year. 

Big names joined Klarna

New retailers include Sephora, Groupon, SHEIN, Nixon, Charlotte Tilbury, Vans, The North Face, Ted Baker, Timberland, Ralph Lauren, Club Monaco, Anine Bing, Domino’s Pizza, NTWRK, Finish Line, Aéropostale, Nautica and Fender and thousands more across verticals and markets

They join other global brands like ASOS, H&M, Gymshark, IKEA, Farfetch, Cult Beauty, Dyson, JD Sports, Acne Studios, Peloton, Bose, Missguided, Samsung, Sonos, Beauty Bay, AliExpress, Abercrombie & Fitch, Lenovo, APC, Agent Provocateur, Overstock, Good American and Michael Kors.

Klarna is now the ”pay later” partner of choice for the top 100 highest grossing merchants in the US. Klarna’s In-store proposition is now live in ten markets.