NEW YORK, Aug. 31, 2021 /PRNewswire/ -- Klarna, the leading
global retail bank, payments, and shopping service, and
Global-e (NASDAQ: GLBE), the
world's leading cross-border e-commerce platform, today announced
an expanded partnership to offer flexible payment options to
consumers across the US, UK, France, Spain, Italy,
and Australia.
Klarna's payment solutions will now be available to all
merchants selling internationally via Global-e's cross-border
e-commerce platform. Global-e's international merchants can
seamlessly offer Klarna to further enhance their offering of a
localized online shopping experience.
Luke Griffiths, Chief
Commercial Officer at Klarna, said: "We're seeing consumers
globally demanding more choice and flexibility when shopping online
and our payment options are proven to provide that flexibility and
assist merchants in driving customer acquisition and conversion.
Our continued partnership with Global-e enables international
retailers to offer their customers across the US, UK, France, Spain, Italy,
and Australia alternative payment
solutions while providing them with greater payment
flexibility."
Shahar Tamari, Co-founder, and
COO at Global-e, said: "Klarna's buy now, pay later
solutions are proving popular as online shoppers seek additional
flexibility and the convenience to pay in whatever way suits their
needs. Our partnership with Klarna further fuels our commitment to
enable merchants to seamlessly expand their brand globally by
offering customers worldwide a top-notch localized experience from
the moment they start engaging with retailers' online channels
right up to checkout."
Global-e's end-to-end, localized cross-border e-commerce
platform allows merchants to tailor the online shopping experience
to the preferences and behaviors of shoppers in different markets
to enhance and accelerate online sales and conversions. This
includes local pricing in more than 100 currencies, local
messaging, and a seamless checkout experience supported in over 25
languages. The Global-e platform also offers multiple shipping
options at attractive rates, including various value propositions
such as free shipping over a specified threshold, a transparent and
easy returns process, including pre-paid and local returns and
calculation of local import duties and taxes for a guaranteed
landed cost with the option of prepayment at checkout.
This expansion follows the success of the Global-e and Klarna
partnership launched in 2017 across the Netherlands, Denmark,
Norway, Sweden, Finland, Germany, Belgium and Austria. Global-e's international merchants
range from everyday fashion retailers to ultra-high-end brands,
including, among others, Marks & Spencer, Forever21,
Reformation, La Perla, Harvey
Nichols, Hugo Boss, Skims,
Anastasia Beverly Hills, Never Fully Dressed, Vincero Watches, and
Etam.
About Klarna
We make shopping smooth. With Klarna consumers can buy now and
pay later, so they can get what they love today. Klarna's offering
to consumers and retailers include payments, social shopping, and
personal finances. Over 250,000 retail partners, 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 one of the most
highly valued private fintechs globally with a valuation of
$45.6 billion. Klarna was founded in
2005, has over 4,000 employees and is active in 17 countries. 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. Founded in 2013
by Amir Schlachet, Shahar Tamari and Nir
Debbi, Global-e operates from eight offices worldwide. 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
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 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; the COVID-19 pandemic could materially adversely
affect our operations; 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
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SOURCE Global-e