Monday, July 6
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Topic: bnpl

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New Companies
Monday, 7/6, 01:37 PM

Klarna Applies for a Utah Bank Charter, Pushing Deeper Into US Banking

  • Klarna, the Swedish 'buy now, pay later' company, has applied to set up its own US bank, seeking an FDIC-insured industrial bank charter in Utah.
  • If approved, it would let the fintech hold deposits and lend directly rather than through partner banks, a step from payments toward being a full-service bank in America.

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