Klarna buys Stocard in hundred million Euro deal.
22 July 2021
Philip Shelper

Finance Forward has reported that Klarna, the Swedish payment giant, has purchased Stocard.

Stocard launched just ten years ago after co-founder David Handlos spent time in Australia and collected plastic loyalty cards as at every retailer he visited. Stocard was his lightbulb moment when he pondered on a better way to approach loyalty that didn’t require an ever-bulging wallet.

Stocard recently commenced their journey into payments. In 2020, they issued a Mastercard-backed virtual card to their 3 million UK customers, with plans to roll out the feature across Europe and then into Australia and other countries.

The take-over by Klarna will certainly take that journey in a different direction, with Klarna’s Buy Now Pay Later product likely to be woven into Stocard’s experience.  

Irrespective of what happens, David Handlos and co-founder partner Björn Goß are going to be able to enjoy many more long holidays to Australia in the future.

<a href="https://loyaltyrewardco.com/author/philip/" target="_self">Philip Shelper</a>

Philip Shelper

Phil is the CEO & Founder of Loyalty & Reward Co, the leading loyalty consulting firm. Loyalty & Reward Co design, implement and operate the world’s best loyalty programs for the world’s best brands. Phil had previously worked in loyalty roles at Qantas Frequent Flyer and Vodafone. Phil is a member of several hundred loyalty programs, and a researcher of loyalty psychology and loyalty history, all of which he uses to understand the essential dynamics of what makes a successful loyalty program. Phil is the author of ‘Loyalty Programs: The Complete Guide’, the most comprehensive book on loyalty programs on the planet.

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