Klarna applies for US banking licence

Klarna, the Swedish financial company best known for its BNPL (Buy Now, Pay Later) products today said it had applied for a US banking licence. Klarna, which is listed in the US, has been making a big play in the US, where it says it now has over 30m customers and its services include a US debit card. The US banking market has proved a tough nut to crack for European entrants.