Global embedded business finance platform Liberis has announced it has been selected by Klarna, the global payments and shopping service, for a strategic collaboration to provide additional financial services to Klarna merchants.

Through this partnership, Liberis will initially provide revenue-based financing to Klarna merchants.

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Klarna, one of Europe’s most valuable private technology companies, provides 250,000 merchants in 17 countries with a checkout and payment suite that enables their consumers to “buy now and pay later”.

Now, through Liberis, Klarna can also offer its merchant partners flexible financing solutions, pre-approved with fair and equitable payment terms that are based on their revenues and actual transactions.

“This symbiotic relationship benefits everyone”

Rob Straathof, CEO of Liberis, said:

“By making finance more personalised, intuitive, and accessible, we in turn empower our partners to improve engagement, satisfaction and loyalty for their own customers.

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“This symbiotic relationship benefits everyone. We are proud to have been selected by Klarna, one of the world’s most successful and admired fintech companies, in our shared mission to support the growth of small businesses around the world.”

Straathof added that Klarna’s “Buy now Pay Later” functionality has allowed merchants to serve their customers for many years.

“We are thrilled to expand this functionality by offering these companies a flexible financing option, embedded within Klarna’s platform, that will bolster their businesses through hard times and periods of growth,” he said.