Klarna has acquired Laybuy’s assets in New Zealand, the payments provider’s birthplace, and plans to relaunch the service in the coming weeks. Laybuy, which ceased operations in June, is set to make a reenergized return in New Zealand under Klarna.
“Laybuy established itself as a cherished brand in New Zealand and we’re excited to build on those foundations to take Laybuy to new heights under the Klarna umbrella,” said David Sykes, Chief Commercial Officer at Klarna. “We have some inspiring plans and can’t wait to begin sharing them with consumers and merchants.”
Since its launch in 2017, Laybuy has served Kiwi customers and merchants with its no-interest, flexible payment options. Over half a million consumers in New Zealand have opened a Laybuy account, enabling them to shop at Laybuy’s 10,000+ merchants.
A lot is going on at Klarna right now. Recently, the company reported that its financial losses are lower than last year.
Today, Klarna has over 85 million global active users, and 2.5 million transactions are completed daily between users and the over 550,000 global retailers that use Klarna services for payment. This includes brands like Uber, Airbnb, H&M, Sephora, Macy’s and Nike.
