Klarna Plus gains traction as BNPL giant hits 100k subscribers in US 🇺🇸; Goldman leverages AI to reshape finance 🤖; Banking giants vie for Baltic Prize: UniCredit & OTP in a bid war for Luminor 👀

FinTech is Eating the World, 27 June

Hey Everyone,

Happy Thursday! Today is really interesting as we’re going to look at Klarna Plus which is gaining traction in the US (what the numbers really tell us + some more bonus reads & deep dives into this BNPL giant), Goldman Sachs that’s leveraging AI to reshape finance (what it’s all about & why it makes sense + a bonus dive on Goldman & their latest numbers), and banking giants UniCredit & OTP vieing for Baltic Prize as they enter a bidding war for Luminor (what it’s all about & what’s next). Let’s jump straight into the interesting stuff 🌶

Klarna Plus gains traction as the BNPL giant hits 100,000 subscribers in the US 📈🇺🇸

The news 🗞️ Buy Now, Pay Later (BNPL) pioneer Klarna, has announced that its Klarna Plus subscription service has reached 100,000 members in the United States since its launch in January.

This $7.99 monthly subscription offers benefits such as waived service fees, exclusive discounts, and rewards. Subscribers have reportedly saved an average of $18 in the first month, with subsequent months averaging $16 in savings.

Sounds good enough? Well, not really…

Let’s see what it actually tells us.