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Klarna takes on banks with a personal account and cashback rewards ahead of IPO

Klarna takes on banks with a personal account and cashback rewards ahead of IPO

Buy now, pay later firms like Klarna and Block’s Afterpay could be about to face tougher rules in the U.K.

Nikolas Kokovlis | Nurphoto | Getty Images

Financial technology firm Klarna is pushing deeper into banking with its own checking account-like product and a cashback offering that rewards users for shopping via its app.

The company — best known for its buy now, pay later loans that let consumers pay for purchases via interest-free monthly…


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