Ant Financial buys small stake in fintech partner Klarna


BERLIN: Klarna, Europe’s most valuable fintech company, said on Wednesday that China’s Ant Financial Services Group had taken a small stake in it as the two strengthen their online shopping partnership.

The Swedish ‘buy now, pay later’ app is already embedded in AliExpress, the international shopping platform run by e-commerce giant Alibaba Group, an affiliate of Ant Financial.

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