Want the new Klarna card? Get in line

Buy Now, Pay Later (BNPL) banking platform Klarna is bringing its physical card to the US, three weeks after a UK rollout attracted nearly half a million signups.
The company said in a Press release On Thursday (February 17), the waitlist for the card is now open, giving customers the option to sign up for a Visa card that allows them to pay for items in four installments, in-store or online.
“American consumers pay $120 billion annually in interest payments and fees on credit cards alone,” said Sebastian Siemiatkowski, co-founder and CEO of Klarna. “The Klarna Card offers consumers a real alternative to expensive credit cards and allows them to take the power of ‘Pay in 4’ wherever they go.”
Siemiatkowski noted that the company has already launched the card in Germany and Klarna’s home country of Sweden. Last month’s UK rollout attracted a waiting list of over 450,000 customers within days.
Read more: Klarna Intros UK physical card
Klarna said the card will eventually be connected to its Vibe loyalty program, which allows customers to earn points they can redeem with brands including Amazon, Walmart, Starbucks and Target. Klarna did not give a launch date for the card in the United States beyond “the near future”.
Read also : New funding could value Klarna at $60 billion
Her arrival comes amid a period of rapid growth for the company in the United States, which she says is its fastest growing market. Klarna’s customer base in America grew by 70% over the past year to 25 million users. Additionally, the company claims that its app has more than 6 million monthly active users in the United States.
Reports surfaced last week that Klarna was eyeing a funding round that would boost its valuation from $50 billion to $60 billion, making it Europe’s most profitable startup. The company received $639 million in venture capital last June, which valued Klarna at $45.6 billion.
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