Klarna Partners with Apple to Offer Flexible Payment Plans

Swedish fintech company Klarna, a prominent name in the «buy now, pay later» (BNPL) sector, has teamed up with Apple to offer new financing options for purchasing Apple products, as stated in Fintech Magazine. With Klarna now an official Apple reseller, the partnership introduces «Apple from Klarna,» allowing consumers to purchase Apple’s latest products starting at $7.99 per month.

Klarna’s Co-founder and CEO, Sebastian Siemiatkowski, emphasized their mission of simplifying the consumer journey: “With Apple from Klarna, we are making it easier than ever for our 25 million active US customers to access the latest tech from Apple, giving them greater financial freedom and flexibility.”

One standout feature is the introduction of «Upgrade Financing,» which allows customers to either upgrade to newer models or retain their device after completing a loan term, making premium devices more accessible without large upfront costs. Siemiatkowski added, “We’re offering a new way to shop Apple products, giving customers the opportunity to upgrade regularly or own their device outright—whichever best suits their needs.”

This collaboration signifies a strategic move for Klarna in the BNPL space and highlights the growing intersection of finance and technology. Klarna is poised to strengthen its foothold in the market by offering flexible payment options, though interest rates may vary based on creditworthiness, with potential APR rates ranging from 0% to 29.99%.

As the BNPL model gains momentum, Klarna’s partnership with Apple sets the stage for similar future collaborations in the fintech sector.