Global-e's international retail partners can now offer
Klarna's alternative payment options to consumers across 15 markets
including Canada, US, UK,
Europe, Australia, and beyond
TORONTO and NEW
YORK , April 27,
2022 /CNW/ -- Klarna, a leading global retail bank,
payments, and shopping service, announced today its expanded
partnership with leading cross-border e-commerce provider Global-e
(Nasdaq: GLBE). Through this partnership, merchants selling to
Canada via Global-e's cross-border
e-commerce platform, including notable brands such as Reformation,
SKIMS, Fenty Beauty, Rimowa, Versace, Marc
Jacobs, and Marks & Spencer, can now offer consumers
Klarna's flexible payment options.
"Consumers worldwide are demanding smarter ways to pay, and this
sentiment also extends to Canada,
where, according to our research, at least half of shoppers between
the ages of 25 and 56 look for flexible payment options at
checkout," said Kristina Elkhazin,
Head of Canada, Klarna. "By
expanding Klarna's successful partnership with Global-e to
Canada, we look forward to
providing Canadian consumers with greater choice and flexibility at
checkout, while in turn, driving growth on behalf of our shared
retail partners through an enhanced online shopping experience and
access to our network of more than 147 million shoppers
worldwide."
Klarna's suite of alternative payment solutions, including
its popular interest-free "Pay in 4" service, is now available to
retailers selling in Canada via
Global-e's cross-border e-commerce platform. Global-e's
international merchant network can now seamlessly offer Klarna
across 15 core markets including Canada, the United
States, France,
Spain, Italy, the United
Kingdom, Australia,
the Netherlands, Denmark, Norway, Sweden, Finland, Germany, Belgium, and Austria, to further enhance their offering of
a localized online shopping experience.
"We are thrilled to expand our already successful partnership
with Klarna to enable merchants to provide streamlined and flexible
payment options to Canadian consumers," said Shahar Tamari, Co-founder, and COO at Global-e.
"Offering such flexibility to shoppers has proven to have a
substantially positive impact on a retailer's average order value
and customer return rate. We look forward to our continued
collaboration with Klarna to empower merchants in providing
localized shopping solutions, including payments, to consumers in
key markets across the globe."
Global-e's end-to-end, localized cross-border e-commerce
platform allows merchants to tailor the online shopping experience
to the preferences and behaviours of shoppers in different markets
to accelerate online sales and conversions. This includes local
pricing in more than 100 currencies, a seamless localized checkout
experience supported in over 30 languages, express shipping at
attractive rates including various propositions such as free
shipping over a specified threshold, a transparent and easy returns
process, and a guaranteed landed cost of their purchase, including
pricing inclusive of all import duties and taxes, or option of
prepayment at checkout, according to local market best
practices.
About Klarna
Since 2005 Klarna has been on a mission
to revolutionize the retail banking industry. Over 400,000
global retail partners, including H&M, Saks, Sephora, Macys,
IKEA, Expedia Group, and Nike have integrated Klarna's innovative
technology to deliver a seamless shopping experience online and
in-store. With over 5,000 employees, Klarna is active in 45 markets
and is one of the most highly-valued private fintechs globally,
with a valuation of $45.6 billion.
For more information, visit Klarna.com.
About Global-e
Global-e (Nasdaq: GLBE) is the
world's leading platform enabling and accelerating global,
direct-to-consumer cross-border e-commerce. The chosen partner of
hundreds of brands and retailers across the United
States, Europe and Asia, Global-e makes selling
internationally as simple as selling domestically. The company
enables merchants to increase the conversion of international
traffic into sales by offering online shoppers in over 200
destinations worldwide a seamless, localized shopping experience.
Global-e's end-to-end e-commerce solutions combine best-in-class
localization capabilities, big-data best-practice business
intelligence models, streamlined international logistics and vast
cross-border experience, enabling international shoppers to buy
seamlessly online and retailers to sell from, and to, anywhere in
the world. For more information, please
visit: www.global-e.com
Forward-looking Statements
Certain statements in this press release may constitute
"forward-looking" statements and information, within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements, which involve known and unknown risks,
uncertainties, and other factors that may cause actual results,
performance, or achievements to be materially different from any
future results, performance, or achievements expressed or implied
by such forward-looking statements. These factors include, but are
not limited to: failure to retain our existing merchants, or the
gross merchandize value (GMV) generated by such merchants; failure
to attract new merchants, or the merchants we do attract fail to
generate GMV or revenue comparable to our current merchants;
failure to develop or acquire new functionality or enhance our
existing platform; failure to successfully compete against current
and future competition; failure to integrate our platform with
third-party e-commerce platforms; failure to maintain the
functionality of our platform; failure to manage our growth
effectively; risks associated with cross-border sales and
operations; risks associated with the seasonal fluctuations of our
business; risks associated with governmental export controls; the
compromise of personal information of our merchants and shoppers we
store; failure to enhance our reputation and awareness of our
platform; diminished demand for our platform and services as a
result of changes in laws and regulations; actual or perceived
failure to comply with stringent and changing laws, regulations,
standards and contractual obligations related to privacy, data
protection and data security; failure to adequately maintain,
protect or enforce our intellectual property rights; risks related
to the COVID-19 pandemic; and other factors discussed under the
heading "Risk Factors" in our prospectus related to our initial
public offering, filed with the Securities and Exchange Commission
("SEC") on May 13, 2021 and other
documents filed with or furnished to the SEC. When used in this
press release, such statements include such words as "may," "will,"
"expect," "believe," "plan," and other similar terminology. These
statements reflect management's current expectations regarding
future events and operating performance and speak only as of the
date of this document. Other than as required by law, there should
not be an expectation that such information will in all
circumstances be updated, supplemented, or revised whether as a
result of new information, changing circumstances, future events,
or otherwise.
For Global-e:
Headline Media
Garrett Krivicich
Globale@headline.media
+1 786-233-7684
For Klarna:
Adaline Colton
press.us@klarna.com
+1 (614) 687-9357
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SOURCE Global-e