Klarna Kosma, Klarna’s monetary expertise platform for banks, fintechs and revolutionary retailers, in the present day introduced its collaboration with Airbank, a digital monetary administration platform for companies.
Klarna Kosma’s open banking platform gives Airbank with entry to the world’s largest worldwide community of banks, considerably accelerating the Berlin-based fintech’s growth into Europe and additional markets.
Airbank permits companies to handle their funds by consolidating all their financial institution accounts in a single place. SMEs and startups use Airbank to observe their enterprise accounts in actual time, automate their invoice administration and make funds by way of the portal. This manner, Airbank helps firms maintain monitor of all their monetary transactions, forecast their future liquidity and execute fee processes.
The worldwide growth is a strategically vital step for Airbank. As an alternative of buying totally different applied sciences for every market, Klarna Kosma’s open banking platform provides Airbank straightforward and safe entry to account data from 15,000 banks in 26 nations worldwide by way of a single API integration. The broad market protection paves the best way for a speedy worldwide growth and opens up Airbank’s platform to SME prospects with world necessities.
Only in the near past, the Berlin-based fintech raised a $20 million funding spherical for his or her growth plans. “By the tip of this 12 months, we’ll serve over 50 nations, making Airbank probably the most complete world banking resolution for SMEs within the business, with the flexibility to attach financial institution accounts from virtually anyplace on the planet. We’re delighted to have Klarna Kosma as an skilled and dynamic associate that shares our ambition to form the way forward for B2B monetary administration”, mentioned Christopher Zemina, founder and CEO of Airbank.
“The marketplace for fintechs targeted on SMEs harbors monumental potential for development. But, hardly any open banking suppliers are addressing their wants. We’re proud to empower Airbank to make the leap to a world stage with our confirmed API and assist to drastically simplify monetary administration for SMEs all over the world”, mentioned Wilko Klaassen, VP, Klarna Kosma.