Home Business NewsBusiness Klarna launches platform to connect British creators and retailers

Klarna launches platform to connect British creators and retailers

by LLB Editor
29th Nov 22 10:28 am

Klarna, a leading global retail bank, payments, and shopping service, today announced the expansion of its Creator Platform.

In one single place, the platform seamlessly matches retailers with the right influencers and tracks performance metrics in real time, enabling retailers to better engage their target audiences and achieve higher returns on influencer partnerships. Simultaneously, it empowers creators to maximize their earning potential and provide more relevant product recommendations to their followers.

With the launch of the Creator Platform, Klarna joins the$16 billion influencer marketing economy and opens up a crucial new channel for its 450,000 retail partners worldwide.

The launch also further expands the company’s strong affiliate marketing business, which already generates 600 million leads a year for Klarna’s retail partners globally. Built on the back of the acquisition of APPRL in 2021, the Creator Platform launched in the United States in October 2022 and is now available in all of Klarna’s 45 regions, cementing Klarna’s position as the growth engine for retailers at the center of the shopping ecosystem.

Creators are now at the heart of online shopping, helping consumers discover brands and products in more engaging and authentic ways than ever before. In fact, 41% of British shoppers who buy from social media already shop directly from influencer pages. Among Gen Z shoppers this is even higher at 55%.

However, creators still struggle to balance running a scalable business with creating unique content that stands out in a crowded market. Retailers meanwhile report difficulties in sourcingthe right creators and measuring engagement with their target audience. Klarna’s new Creator Platform solves this by connecting retailers and creators and streamlining every step of the process from initial outreach to analysing performance, tracking sales and managing billing.

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