Fintech Bolt progresses his turnaround by landing Klarna as a partner

Clear and bolt announced a partnership Monday, which will see Klarna’s payment options integrated into the Bolt cash operating system.

This offer means that Klarna will appear as a purchase now, pay the choice later on Bolt devices. Merchants using Bolt can offer a Klarna salary in 4 or monthly financing options to buyers in physical stores, and buyers can choose this option with one click. Integration should be posted later this year, first in the United States, then on other world markets.

In a statement given to Techcrunch, Ryan Breslow, co-founder and CEO of Bolt, told us that the partnership was “so much larger than two companies working together”.

“It is a clear sign that trade evolves in an entirely new direction,” he said, adding that it will not be another purchase now, pay a later option but, rather, “a completely new model that offers the best flexible and flexible customer experience without new contracts or technical lifting required.”

Klarna, who was Wait in the wings to become public since springdescribes partnership as a way to stimulate long-term loyalty to itself and traders.

“By incorporating Klarna into thousands of bolts, we expand our American footprint and put Klarna available throughout consumers,” said a spokesperson for Klarna.

This last partnership is a big problem for Bolt for other reasons. Fintech has experienced difficulties in recent years with legal challenges and upset investors. In March, the founder of Bolt, Breslow, returned as CEO after resigning in early 2022.

In August, Bolt would have tried to raise $ 450 million to a potential evaluation of $ 14 billion, but it was a bizarre agreement with strange conditions, including a threat of “discount” to existing shareholders. There was no update on this apparent affair, but Bloomberg reported earlier this month that Breslow was looking for once again to raise. This time he is looking for At least $ 600 millionHalf of which would go to Bolt, while the other half would go to his other startup, Love. Breslow said Bolt had to at least three years of track LEFT.

Earlier this month, Bolt also announced A partnership with Palantir To launch a personalized body powered by AI which remembers the purchasing habits of consumers. He wants to extend this body through his merchants and in the new Superapp de Bolt, an application “Crypto and daily payments”, as he described We in a April interview.

The addition of two big names as partners, Klarna and Palantir, is the kind of step that could help clean Bolt’s reputation while he is trying to go up.