US
Jun 22, 2020

Klarna partners with NTWRK to offer customers buy now, pay later option for exclusive retail drops

Experiential e-tailer offers alternative payment solution alongside shoppable shows

New York, NY (June 22, 2020) – Klarna, the leading global payments provider and shopping service, today announced that it has partnered with NTWRK, the definitive video commerce platform, to offer customers flexible buy now, pay later solutions in the US. NTWRK’s audience of millennials and Gen Zers can now shop the exclusive product drops they love with even more convenience in four equal, interest-free payments through Klarna.

“We strive to offer customers new, engaging shopping experiences at the intersection of commerce, content, and entertainment,” said Moksha Fitzgibbons, President, NTWRK. “We are excited to partner with Klarna to expand our platform and provide alternative payment solutions for the flexibility and financial control they seek during these times.”

On June 24, NTWRK will be first-to-market on the return of the Reebok Kamikaze II in celebration of its 25th Anniversary. Bold design, bold tech, a bold player helped make the Kamikaze 2 one of Reebok’s most beloved basketball shoes. The Kamikaze II returns in premium materials and its original high contrast mobius design. This will be the first product drop on NTWRK that will be made available for purchase using Klarna.

“We are thrilled to partner with NTWRK, a leader in the experiential e-commerce space, to ensure their customers have the payment options they need for limited-edition streetwear, sneakers, Be@rbricks and other exclusive collectibles featured on NTWRK’s shoppable shows,” said David Sykes, Head of US at Klarna. “As e-commerce continues to rise, innovative shopping experiences like NTWRK in partnership with flexible payment options from Klarna go hand-in-hand to deliver the ultimate customized experience for a new generation of shoppers.”

NTWRK is a video e-commerce and content platform designed to appeal to digitally native millennials and Gen Zers. The platform offers shoppers access to first-to-market drops of items across multiple categories, including sneakers, streetwear, collectibles and art. The company recently announced the launch of TRANSFER, a virtual festival scheduled to take place in the summer of 2020. Artists will drop products from 30 exclusive brands across NTWRK’s platform during the festival, which will also feature panels, interviews, virtual DJ sets and musical performances.

For more information, visit Klarna.com.

About NTWRK

NTWRK is the definitive video commerce platform developed specifically for Gen Zers and millennials. NTWRK’s innovative model of daily exclusive product drops, live videos, celebrity talent, native purchases and social distribution creates a high-energy and wide-reaching experience for brands and users. NTWRK was founded in October 2018. Since launch, the platform has experienced meteoric growth and has received investments from some of the most successful entrepreneurs, brands and influential entertainers in the world, including Live Nation, Foot Locker and Main Street Advisors, whose investors include Jimmy Iovine and LeBron James.

About Klarna

We make shopping smooth. With Klarna, consumers can buy now and pay later, so they can get what they need today. Klarna’s offering to consumers and retailers includes payments, social shopping and personal finances. Over 200,000 merchants, including H&M, IKEA, Expedia Group, Samsung, ASOS, Peloton, Abercrombie & Fitch, Nike and AliExpress, have enabled Klarna’s innovative shopping experience online and in-store. Klarna is ranked number five on the 2020 CNBC Disruptor 50 list, is the most highly valued fintech in Europe with a valuation of $5.5 billion, and is one of the largest private fintechs globally. Klarna was founded in 2005, has over 3,000 employees and is active in 17 countries. For more information, visit klarna.com.

Media contacts:
press.us@klarna.com

Berns Communications Group
Michael McMullan
212-994-4660
mmcmullan@bcg-pr.com