Swedish point of sale lender Klarna and retail fashion giant H&M have expanded their partnership to the U.S.; Klarna’s financing options will be available in the fall in all 580 U.S. stores as well as online; the program will be for H&M members only and will be managed through their app and loyalty program; last year H&M paid $20 million for just under 1% of Klarna; Klarna chief commercial officer Michael Rouse said, “The foundation of the Klarna and H&M partnership is a commitment to continuously develop smarter, simpler and engaging shopping experiences.” Source.
