Klarna to acquire Moneymour.

Klarna, a smooth shopping and payment provider, agreed to acquire Moneymour, an Italian payment company. Financial terms were not disclosed. “We’re impressed with what the Moneymour team has achieved so far, and we are also happy to now progress the establishment of our new product development hub in Milan. The talented team has developed an interesting offering for the Italian market, and with their knowledge and expertise we can further strengthen our underwriting capabilities in the market. Under the Klarna umbrella, we will together further develop the proposition and scale this across markets, which will support in accelerating growth,” Koen Köppen, Klarna CTO.