Wavy enables consumers across 31 European markets to smoothly transfer money (Euros) and split bills amongst friends, colleagues and family members. Consumers can connect their bank accounts or credit cards to Wavy and simply generate a payment link when they want to initiate a transfer. This link can be shared via existing social media channels or directly to a Wavy user. The recipient of the payment does not have to sign up to Wavy to redeem a payment, they can receive it through a bank account. Payment requests can be paid using EU issued credit cards or SOFORT Überweisung and are settled in real-time. Wavy uses 3D animated stickers to illustrate the payment purpose e.g. for last night's pizza or for shared household expenses.

Lamine Cheloufi, previous co-founder of the Cookies App and now Product Director at Klarna: “We can offer our users the most accessible peer-to-peer payment service in Europe. Everybody can use Wavy to transact anywhere, at anytime and in real-time. It's the most natural way to share secure money transfers between friends, colleagues & family. The recipient of the payment receives a payment link via any social media channel and can redeem the payment without having to sign up to the service." .

For Klarna as a technology intensive, product-driven and consumer oriented bank with more than 60 million consumers, Wavy is a natural complement to the existing Klarna product offering. Which already includes direct transfer, pay after delivery and installment plans in a smooth one-click purchase experience and gives consumers the flexibility on choosing how and when they prefer to pay.

Sebastian Siemiatkowski, CEO of Klarna: “The work of the Cookies team impressed me so much that we wanted to work with them. Since then, within Klarna we have been working to develop a product that truly reflects how people live today and their social interactions. There are no borders in an online context, why should there be in payments? Klarna was founded with the goal to make online payments safe, simple and smooth, Wavy is another step on that journey.”