Customers Can Now Choose Interest-Free Buy-Now, Pay-Later Option at Checkout
New York, NY (May 11, 2020) – Klarna, the leading global payments provider and shopping service, today announced a partnership with ModCloth, a digitally-native retailer offering exclusive unique and vintage-inspired women’s clothing, shoes, handbags and accessories. ModCloth customers can now use Klarna’s buy-now, pay-later service when shopping the brand’s entire fashion collection and full range of sizes, and pay for the items they love in four equal installments with no interest.
“As a digitally native brand we are excited to expand and evolve our online shopping experience through our partnership with Klarna,” said Jeff Streader, co-CEO of ModCloth. “We believe that our core customer craves diversity and flexibility in her shopping journey and we are happy to provide new purchasing options for the styles that she loves.”
Known for its vintage inspired styles, one-of-a-kind prints, and inclusive sizing (XXS-4X), ModCloth is the shopping destination for those who use their style to stand out in a sea of sameness. In addition to its fashion offerings, the specialty retailer is also known for its dedication to female empowerment, inclusivity, and body positivity.
With the brand recently back to being independently owned, one of their first initiatives was to create more flexible payment options. ModCloth customers can now pay for an item in four interest-free installments when they choose Klarna at checkout.
“ModCloth is a beloved retailer that offers a unique range of styles with a timeless aesthetic,” said David Sykes, Head of US at Klarna. “The company has built a strong, loyal and inclusive community, and we are very pleased to bring our services to these consumers so they can have an enjoyable shopping experience with more flexibility and financial control.”
Klarna is the pioneer and global leader of buy now, pay later and the future of shopping. With 85 million customers and more than 200,000 retail partners worldwide, the Klarna e-commerce platform and app provide consumers with flexibility and control, while creating a smoother way to shop and pay.
For more information, download the app or visit @klarna.usa on Instagram.
About Klarna
We make shopping smooth. With Klarna, consumers can buy now and pay later, so they can get what they need today. Klarna’s offering to consumers and retailers includes payments, social shopping and personal finances. Over 200,000 merchants, including H&M, IKEA, Expedia Group, Samsung, ASOS, Peloton, Abercrombie & Fitch, Nike and AliExpress, have enabled Klarna’s innovative shopping experience online and in-store. Klarna is the most highly valued fintech in Europe, with a valuation of $5.5 billion, and one of the largest private fintechs globally. Klarna was founded in 2005, has over 3,000 employees and is active in 17 countries. Klarna’s North American offices are in Columbus, Ohio; Los Angeles; and New York. Klarna Credit is issued by WebBank, member FDIC. For more information, visit klarna.com.
About ModCloth
Since its founding in 2002, ModCloth has always dared to be different. We celebrate independence, ingenuity, and nonconformity – with vintage-inspired styles, unique and playful prints, and an inclusive size range. One-of-a-kind designs for those who use their style to stand out in a sea of sameness – that’s ModCloth.
Media contact:
Berns Communications Group
Michael McMullan/Danielle Poggi
212-994-4660
mmcmullan@bcg-pr.com/dpoggi@bcg-pr.com