Klarna launches new open banking sandbox initiative

Swedish fintech company Klarna is offering three months of free access to its open banking platform, Klarna Kosma, to select startups and businesses.

Klarna Launches New Open Banking Initiative

New ‘Sandbox’ Initiative Helps Startups Develop Proof-of-Concepts (POCs) in E-Commerce, Data and Analytics, and Fintech to Accelerate Innovation in Open Banking Use Case Development I want to let you

Launched in April of this year, Klarna Kosma provides access to 15,000 banks in 27 countries through a single API, enabling fintechs, financial institutions and merchants to build apps and services.

Wilko Klaassen, Vice President of Open Banking at Klarna, said:

Data accessible via simple APIs, with consumer permission, has opened up a whole new vista of potential use cases. It is intended to add

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As part of the offer, companies will have free access to the platform for 3 months. There is a limit of 300 transactions or active users per month. Companies can also get support from his Klarna experts to validate their use cases.