Financial Technology Company Klarna Partners with Harrods

Payment services provider, Klarna announced a partnership with Harrods, one of the leading luxury retailers, today to support clients through convenient payment tools. From today, shoppers of Harrods UK will be able to take advantage of Klarna’s popular Pay in 3 payment options for the purchase of different products.

Customers from the UK will be able to benefit from splitting their payments via Pay in 3. However, US-based clients will be able to use Pay in 4 when purchasing goods online. Online customers from Germany, Switzerland and Austria can use the Pay Later feature of Klarna.

“Harrods is known for providing a first-class shopping experience, and this latest partnership with Klarna enables us to give our Harrods customers maximum flexibility and convenient payment options. We’re excited to bring Klarna to our iconic beauty halls in Knightsbridge, as well as H beauty, our beauty emporiums in Essex and Milton Keynes and across Harrods.com,” Alex Unitt, Partnerships Director at Harrods, commented.

Klarna in 2021

Klarna emerged as one of the most valuable fintech firms in the world during 2021. The company raised $639 million in a funding round during the first half of 2021. In addition, the fintech platform received a valuation of over $45 billion. Klarna witnessed a jump in demand for its products and services including a substantial surge in the BNPL (Buy Now Pay Later) solutions.

Luke Griffiths, Chief Commercial Officer at Klarna, said: “Harrods is one of the most recognizable brands across the globe with a footprint and heritage that is unrivaled within the luxury retail space. We are excited to bring our payment products to Harrods customers across Europe and the US, offering them the option to buy goods how and when they want.”

According to Klarna, the company has more than 90 million global active users executing over 2 million transactions per day.