How To Use Klarna On Wish

NEW YORK, Nov. 4, 2021 /PRNewswire/ -- Klarna , a leading global retail banking company, payments and shopping service, today announced an expansion of its partnership with ContextLogic Inc. (d/b/a Wish ) (NASDAQ: WISH), one of the world'south largest mobile e-commerce platforms. The partnership, which will initially let flexible payment options to consumers in the U.s., is office of a broader bulldoze past Wish to aggrandize 'Buy Now, Pay Later' (BNPL) offerings to its users beyond its platform.

Through the partnership, Wish users in the Usa will be able to split the cost of their purchase over four interest-free payments through Klarna'southward Pay in 4 solution. Users are required to pay the offset 25% of the transaction at checkout, while the remaining three payments are automatically collected every two weeks.

Klarna's Pay in 4 solution gives Wish users a greater level of selection and flexibility. Klarna and Wish will deepen their partnership in 2022, rolling out alternative payment options to boosted users in the European union, including in Italia, Kingdom of spain and France, and in the Great britain, Australia and Canada, among other countries.

"Nosotros're thrilled to expand our longstanding partnership with Klarna to give our U.s. customers a greater level of freedom to shop and pay for their items when and how they desire," said Tarun Jain, Principal Product Officer at Wish. "This partnership furthers our mission to bring an affordable, attainable and entertaining shopping experience to millions of our customers around the world."

One of the largest e-commerce marketplaces in the globe, Wish has xc million monthly active users in more than than 100 countries, and partners with 550,000 merchants beyond the globe. The company offers a discovery-based mobile shopping feel through a curated product feed that is personalized for each shopper.

"Our Pay in four solution is all nearly giving consumers more financial flexibility and control over their spending, so this partnership will come equally welcome news to Wish shoppers," said David Sykes, Head of North America at Klarna. "Nosotros're excited to deepen our human relationship with Wish in the United states to offering fifty-fifty more customers a frictionless way to shop online."

Klarna and Wish initiated their partnership in Europe in 2014, with the introduction of a variety of Klarna'south flexible payment options across six European countries, including the UK, Germany, and the Netherlands.

Virtually Klarna
Nosotros make shopping polish. With Klarna consumers can buy now and pay after, so they can get what they love today. Klarna'south offering to consumers and retailers include payments, social shopping, and personal finances. Over 250,000 retail partners, including H&Chiliad, IKEA, Expedia Grouping, Samsung, ASOS, Peloton, Abercrombie & Fitch, Nike and AliExpress have enabled Klarna's innovative shopping experience online and in-store. Klarna is one of the near highly valued private fintechs globally with a valuation of $45.6 billion. Klarna was founded in 2005, has over four,000 employees and is active in 17 countries. For more than information, visit klarna.com.

About Wish
Wish brings an affordable and entertaining shopping experience to millions of consumers around the earth. Since our founding in San Franciscoin 2010, we have become 1 of the largest global ecommerce platforms, connecting millions of value-conscious consumers in over 100 countries to over half a million merchants globally. Wish combines technology and data scientific discipline capabilities and an innovative discovery-based mobile shopping experience to create a highly visual, entertaining, and personalized shopping feel for its users. For more than information about the company or to download the Wish mobile app , visit www.wish.com or follow @Wish on Facebook , Instagram and TikTok or @WishShopping on Twitter and YouTube .

Forward-Looking Statements

This news release contains forward-looking statements within the pregnant of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact could exist accounted forward-looking, including, but not express to, statements regarding Wish'south outlook, priorities, strategic management, expectations regarding partnerships, and growth opportunities. In some cases, forward-looking statements tin can be identified by terms such every bit "anticipates," "believes," "could," "estimates," "expects," "guidance," "intends," "may," "outlook," "plans," "potential," "predicts," "projects," "seeks," "should," "will," "would" or like expressions and the negatives of those terms. These forward-looking statements are subject field to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied past these forward-looking statements. New risks sally from fourth dimension to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business organization or the extent to which whatever factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements nosotros may make. Further data on these and additional risks that could bear upon Wish's results is included in its filings with the Securities and Exchange Commission ("SEC"), including its Almanac Report for 2020 on Form 10-K filed on March 25, 2021 and its Form ten-Q for the second quarter of 2021 filed on August 12, 2021, and future reports that Wish may file with the SEC from time to fourth dimension, which could cause actual results to vary from expectations. Any forward-looking statement made by Wish in this news release speaks but as of the day on which Wish makes it. Wish assumes no obligation to, and does not currently intend to, update whatsoever such forward-looking statements after the date of this release.

Media contacts:

Carys Comerford-Green, Wish
[e-mail protected]

Shira Rimini, Klarna
[electronic mail protected]

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