Klarna is assembling a team to build a stock-trading tool to compete with Robinhood, according to an internal message seen by BI.
AdvertisementSwedish fintech firm Klarna is hiring a team to build a product that would compete with Robinhood's trading platform by letting customers buy and sell stocks through its app.
"Our mission is to obliterate the barriers to consumer investing and empower every Klarna user to build their financial future in a single place - the Klarna App," the internal message said.
Lombaard said the company is exploring the possibility of "offering customers the opportunity to buy and sell stocks" and exchange-traded funds, or ETFs, in the Klarna app.
Related storiesA spokesperson for Klarna told BI: "Klarna continuously explores new product concepts to serve our customers.
Persons:
Klarna, —, Ludo Lombaard, Lombaard, Uber, Jyoti Mann
Organizations:
BI, Service, Business, Apple, Adidas, Klarna, Bloomberg
Locations:
Swedish, Europe, jyotimann