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Stripe and Klarna partner on 'buy now, pay later' services

This may be a case of "your enemy's enemy is your friend."

Stripe and Klarna partner on 'buy now, pay later' services

Stripe will make Klarna's buy now, pay later service available to its merchants.

Image: Stripe

Stripe and Klarna are taking on demand for "buy now, pay later" services together through a new partnership deal.

"Buy now, pay later" is currently a hot area within ecommerce and payments, and the two companies just agreed to make Klarna's "buy now, pay later" offering available to Stripe merchants.

This may be a case of "your enemy's enemy is your friend." Stripe and Klarna's competitors have been moving quickly in this sector signing deals: Square has agreed to acquire Afterpay, while Affirm have signed up Shopify and Amazon, and PayPal has its own Pay in 4 product.

 Tomio Geron

Tomio Geron ( @tomiogeron) is a San Francisco-based reporter covering fintech. He was previously a reporter and editor at The Wall Street Journal, covering venture capital and startups. He was also as a staff writer at Forbes covering social media and venture capital, and edited the Midas List of top tech investors. He can be reached at tgeron@protocol.com or tgeron@protonmail.com.

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