Commonwealth Bank of Australia completed the acquisition of a minority stake in Klarna for $200m.

Commonwealth Bank of Australia, an Australian multinational bank, completed the acquisition of a minority stake in Klarna, a fintech startup, for $200m. "We are excited to be partnering with Klarna to bring their innovative payments technology and integrated shopping experience to the Australian market. Together with our market leading digital technology, merchant relationships and strong customer network, we will deliver a range of innovative new services to benefit Australian consumers and merchants.” Matt Comyn, CBA CEO.