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.