financetom
Business
financetom
/
Business
/
Fintech Klarna to launch $40 per month mobile plan in US
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Fintech Klarna to launch $40 per month mobile plan in US
Jun 18, 2025 5:54 AM

By Supantha Mukherjee

STOCKHOLM (Reuters) -Swedish fintech Klarna on Wednesday said it would launch an unlimited mobile plan in the U.S., joining other finance companies moving into the telecoms business, including British rival Revolut.

A number of fintechs, including Germany's N26 and Brazil's Nubank, have started offering mobile services in various countries as they seek to diversify their revenues.

Other investors outside the fintech arena have also put money into the mobile services business such as actor Ryan Reynolds and on Monday U.S. President Donald Trump's family business also licensed its name to launch a mobile service.

Klarna's mobile plan, which includes unlimited 5G calls and data for $40 per month, will use the platform provided by U.S. mobile services startup Gigs.

Google-backed Gigs, which as a partnership with AT&T, makes it easier for any company to become a mobile virtual network operator (MVNO) and sell mobile services to customers without owning the infrastructure that provides them.

Klarna, which paused its plans for an initial public offering in April, has more than 25 million users in the U.S. and the fintech is increasingly choosing the country to launch new products.

"Our ambition has always been to solve everyday problems ... mobile is a natural next step in building out our neobank offering," Klarna CEO Sebastian Siemiatkowski told Reuters.

Most global fintechs have started a mobile service in other countries before entering the U.S., but Klarna plans to start in the U.S., its largest market, and roll out in the UK, Germany and other markets later this year.

"There will be significant disruption to the MVNO market over the next two years, as enterprises try their hand at launching their own MVNO service," Juniper Research analyst Alex Webb said.

"However, increased competition brings increased risk, so not all MVNO projects are likely to be successful."

U.S. MVNO market size is estimated at $14.83 billion in 2025, and is expected to reach $20.84 billion by 2030, according to research firm Mordor Intelligence.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Jana Partners Acquires Stake in QuidelOrtho
Market Chatter: Jana Partners Acquires Stake in QuidelOrtho
May 14, 2024
02:00 PM EDT, 05/14/2024 (MT Newswires) -- Activist investor Jana Partners acquired a stake in QuidelOrtho ( QDEL ) during Q1, Reuters reported Tuesday, citing people familiar with the situation. The extent of Jana's stake in the diagnostics company remains undisclosed, as are its intentions if it wants to push for any changes at QuidelOrtho ( QDEL ), Reuters said....
Verizon Communications Introduces GenAI Tools to Support Customer Service
Verizon Communications Introduces GenAI Tools to Support Customer Service
May 14, 2024
02:04 PM EDT, 05/14/2024 (MT Newswires) -- Verizon Communications ( VZ ) said Tuesday that it is introducing new generative artificial intelligence tools to support customer service. The tools are designed to help both the customers and customer service partners, and include offerings like an AI-backed personal research assistant that helps frontline teams quickly find info for customers as well...
US bank failures could surge by almost 50, Nomura analyst says
US bank failures could surge by almost 50, Nomura analyst says
May 14, 2024
NEW YORK (Reuters) - Almost 50 U.S. lenders could fail in the coming years under pressure from higher interest rates and operational problems, Nomura analyst Greg Hertrich told reporters at the company's New York office on Tuesday. The collapses of three U.S. banks last year -- Silicon Valley, Signature and First Republic -- sparked worries about the financial health of...
--Motorola Solutions Keeps Quarterly Dividend at $0.98 a Share, Payable July 15 to Shareholders of Record on June 14
--Motorola Solutions Keeps Quarterly Dividend at $0.98 a Share, Payable July 15 to Shareholders of Record on June 14
May 14, 2024
02:08 PM EDT, 05/14/2024 (MT Newswires) -- Price: 360.48, Change: +2.48, Percent Change: +0.69 ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved