Klarna’s strategic M&A to reshape the BNPL landscape in New Zealand 🤝🇳🇿; Starling Bank gears up for potential IPO 📈🔔; Brazilian instant payment giant Pix makes European debut 🇧🇷🇪🇺

FinTech is Eating the World, 21 August

Hey Everyone,

Good morning! Today’s issue is super hot as we’re going to look into Klarna’s strategic acquisition of Laybuy in a bid to reshape the BNPL landscape in New Zealand (what it’s all about & why it makes sense + a bonus dive into Klarna); Starling Bank which is laying foundations for an upcoming IPO (what’s happening & why now + a bonus deep dive into Starling & their latest financials), and Pix that’s about to make a European debut (why connecting Europe & Brazil matters, what’s next for global payments + a bonus read on Brazil’s payments miracle Pix). Let’s just jump straight into the incredible stuff 🌶️

Klarna’s strategic M&A to reshape the BNPL landscape in New Zealand 🤝🇳🇿

Swedish FinTech giant Klarna has made a strategic move by acquiring the New Zealand assets of Laybuy, a once-prominent buy now, pay later (BNPL) firm that recently entered receivership.

This acquisition marks a significant development in the BNPL sector and extends Klarna's reach in the New Zealand market.

Let’s take a quick look at this and see why it matters.