Affirm’s Stock Takes a Hit as Klarna Steals Walmart’s BNPL Spotlight!

In a stunning twist in the fintech world, Affirm’s stock is plummeting as Klarna snatches the coveted role of exclusive Buy Now, Pay Later (BNPL) provider for Walmart. This monumental shift was announced alongside Klarna’s plans to go public in the United States, marking a new chapter in the partnership dynamics with one of the largest retailers in the country.

Klarna's Excitement Over the Partnership

Klarna’s CEO, Sebastian Siemiatkowski, expressed excitement over the partnership, calling it a “game changer.” He highlighted that, “Millions of people in the U.S. shop at Walmart every day – and now they can shop smarter with OnePay installment loans powered by Klarna.