Klarna is one of the leading global payments providers and shopping services. Safello, on the other hand, is the leading broker of cryptocurrency from Sweden. Both have opted for an announcement of a strategic partnership to bring Klarna Open Banking to the award-winning brokerage platform of Safello for cryptocurrency trading. The partnership is marking the first entry of Klarna into the industry of cryptocurrency. It is undoubtedly marking a new era for financial innovation.

After the launch of the EU Commission’s Second Payment Services Directive in 2018, the adoption and incorporation of open banking have faced unexpected challenges and various technical hurdles. Klara has opted for building one of Europe’s most scalable and reliable open banking platforms with access to more than 5000 banks across 18 countries in Europe.

In the current months, Safello has experienced an enhanced growth in both new users and transaction volume. As a part of strengthening the leading position and continuing its commitment, it is willing to offer the widest selection for flawless payment options. Safello made the launch of Klarna Open Banking. More than 180000 users of Safello are going to be able to purchase cryptocurrencies from their bank account with the help of the intuitive and secure payment option of Klarna.

According to Frank Schuil, the CEO of Safello, it is a match made in heaven. Klarna is sharing its vision to offer a superior user experience without any compromise on security and compliances. At the same time, it is opening banking that acts as a very exceptional and exciting area to play a significant role for their future plans.

“For over 15 years, Klarna has developed a mature and secure financial ecosystem that opens up a range of opportunities for increased innovation and competition. Safello is a textbook example of consumer-centric innovators who can leverage the strength of our developer-friendly open banking infrastructure and we are very much looking forward to the partnership,” said Philippe Rousseau, the Senior Commercial Manager at Klarna.

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