On February 12th, Swedish Bank Klarna announced that it was acquiring Moneymour, an Italian ‘buy now, pay later’ startup from its founders and minority investors for an undisclosed amount.

Moneymour, founded in 2017, allows consumers to ‘buy now, pay later’ by splitting their purchases into monthly instalments based on an instant credit assessment. This acquisition marks the first step in launching Klarna’s latest product development hub in Milan.