APEXX Connect, which allows merchants to host multiple BNPL services via a single API, has integrated Klarna. The collaboration opens up the travel sector for Klarna. The companies say that the alliance will help APEXX’s merchants reduce their transaction costs, increase sales and access Klarna’s widespread customer base.
APEXX is a one stop shop for all merchant payment needs – as it is partner agnostic, APEXX can route domestic and cross border payments in the most efficient and cost-effective way. This helps other businesses like Ryanair, CarTrawler and Avon to reduce payment cost and increase payment speed and conversion rates. The payments system has historically been balanced completely in favour of the card schemes to the detriment of merchants – APEXX is changing that.
The partnership between APEXX and Klarna is already in effect. Brian Joseph, VP, Partnerships at APEXX Global said: “We are proud to partner with a market-leading payments network in Klarna. This aligns with our mission to provide the most innovative solutions to our merchants. APEXX Connect will now be available in over 50 markets. This is testament to our commitment to serving a global clientele in every major market.”
Expanding into new markets, new verticals
Anisha Mohammed, Head of Partner Success at Klarna added: “Our partnership with APEXX allows us to continue our strong growth mission, by expanding into new markets and looking into different verticals. APEXX are extremely strong in the travel sector with a number of well-known clients. So this agreement is well placed for us as we take the next step on Klarna’s journey.”
APEXX Global secured an investment of $25m in its Series B funding round earlier this year.
The fundraise saw the participation of various European investors such as MMC Ventures, Alliance Ventures and Forward Partners.
In February, APEXX Global announced a partnership with digital account-to account (A2A) transactions provider Trustly to provide merchants with enhanced recurring payments system.
Established in 2016, APEXX’s payments orchestration platform integrates acquirers, gateways, shopping carts and alternative modes of payments into a single API.