Provenir signs Klarna

Source: Provenir

Provenir (UK) Ltd, the leading provider of intelligent Business Process Management and Credit and Loan Origination Solutions is pleased to announce a new client, Klarna, an online payments solution provider based in Stockholm, Sweden.

Klarna has grown from a startup in 2005 to be the world's leading provider of invoice-based payments for online merchants and is now established in seven European countries, employing over 800 people and servicing 12 million customers.  

The challenge for Klarna has been in establishing a core platform for business rules management and credit decisioning that is able to support their status as one of the fastest growing companies in Europe.

"It was important that we selected a vendor that could deliver an industry-leading solution for rules management with advanced decision capabilities. We foresee huge growth in our transaction volumes in the future, and this solution is critical for us to achieve growth.

We went through a rigorous selection process which included a challenging proof of concept. We had to ensure that the solution could function under the most demanding of circumstances and integrate with our internal systems. I am pleased to say that Provenir outperformed their competitors in the areas of functionality, flexibility and overall technology." — Matthew Risley, CRO, Klarna.

Klarna has already begun the implementation of Provenir's solution and will gradually launch it in the 7 current markets, with further country roll-outs planned to support Klarna's future growth.

"We look forward to partnering with Klarna and helping them to achieve their goal of becoming the global leader in online invoice-based payments. I am certain that the Provenir solution, coupled with our experienced project team and the team at Klarna will ensure a successful implementation. We are very excited about this new customer and our continued expansion across Europe. " — Jonathan Power , MD, Provenir EMEA.

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