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Fintech Bolt progresses its turnaround by landing Klarna as a partner | TechCrunch

Fintech Bolt progresses its turnaround by landing Klarna as a partner | TechCrunch

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Klarna and Bolt announced a partnership Monday, which will see Klarna’s payment options integrated into Bolt’s checkout operating system.

This deal means Klarna will show up as a buy now, pay later choice on Bolt devices. Merchants using Bolt can offer Klarna’s Pay in 4 or monthly financing options to shoppers in physical stores, and shoppers can choose that option with a single click. The integration is set to go live later this year, first in the U.S. and then in other markets around the world. 

In a statement given to TechCrunch, Ryan Breslow, co-founder and CEO of Bolt, told us that the partnership was “so much bigger than two companies working together.” 

“It’s a clear sign that commerce is moving in an entirely new direction,” he said, adding that this will not be another buy now, pay later option but, rather, “an entirely new model that offers best-in-class, flexible customer experience with no new contracts or technical lift required.” 

Klarna, which has been waiting in the wings to go public since the spring, describes the partnership as a means to drive long-term loyalty for itself and merchants.

“By embedding Klarna into thousands of Bolt merchants, we’re scaling our U.S. footprint and making Klarna available everywhere consumers shop,” a Klarna spokesperson said.  

This latest partnership is a big deal for Bolt for other reasons. The fintech has struggled in recent years with legal challenges and upset investors. In March, Bolt founder Breslow returned as CEO after having stepped down in early 2022.

In August, Bolt was reportedly attempting to raise $450 million at a potential $14 billion valuation, but it was an oddball deal with strange terms, including a “cramdown” threat to existing shareholders. There have been no updates on that apparent deal, but Bloomberg reported earlier this month that Breslow was once again looking to raise. This time, he’s looking for at least $600 million, half of which would go to Bolt, while the other half would go to his other startup, Love. Breslow has said that Bolt has at least three years of runway left. 

Earlier this month, Bolt also announced a partnership with Palantir to launch an AI-powered personalized checkout that remembers the shopping habits of consumers. It wants to expand this checkout across its merchants and within Bolt’s new SuperApp, a “one-click crypto and everyday payments” app, as he described to us in an April interview. 

Adding two big names as partners, Klarna and Palantir, is the kind of step that could help clean up Bolt’s reputation as it seeks to raise again.

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Microsoft Surface Laptop Ultra Brings Nvidia Spark Power to Windows PCs Microsoft unveils the Surface Laptop Ultra, its newest AI-enabled laptop. As this is one of the early laptops equipped with Nvidia’s RTX Spark platform, it features improved speed, graphics, and AI performance due to localized processing. The company believes this product has potential and considers it a worthy competitor to other high-performing laptops, such as the MacBook Pro. The most interesting thing about the Surface Laptop Ultra is its new Nvidia RTX Spark processor. It is also known as the Nvidia N1X processor, which integrates CPU, GPU, and AI into a single chip. Thus, the laptop can handle high loads much more efficiently than other laptops. Microsoft Surface Laptop Ultra Specifications Surface Laptop Ultra was specifically created for individuals who require high performance on a daily basis. The laptop can handle demanding tasks like video editing and graphic design. Also, the computer can perform local AI computing, meaning data analysis can be done on the computer itself. It makes the job much easier for those working on AI technology. The Surface Laptop Ultra offers up to 128 GB of memory for high-performance workloads. Unified memory enables the central processing unit and the graphics to share the same memory pool whenever necessary. The technology can help boost performance while using multiple apps at once. According to Microsoft, the screen delivers a peak HDR brightness of 2,000 nits, making the picture bright and clear. Besides, the monitor ensures accurate colors suitable for work. The laptop has HDMI ports, a USB-C port, a USB-A port, an SD card slot, and a headphone jack. Microsoft has also designed a large haptic touchpad for easier navigation. The machine comes in Platinum and Nightfall colors and is said to provide a full day of battery life. Expected Release And What To Expect Next Microsoft is planning to introduce the Surface Laptop Ultra later this year. Even though many features have been revealed for the device, there has been no announcement on pricing. With the laptop’s launch approaching, more performance information is expected to be released. The device marks Microsoft’s most aggressive move into AI-enabled hardware yet. #Microsoft #Surface #Laptop #Ultra #Brings #Nvidia #Spark #Power #Windows #PCsMicrosoft,NVIDIA

According to Microsoft, the screen delivers a peak HDR brightness of 2,000 nits, making the picture bright and clear. Besides, the monitor ensures accurate colors suitable for work. The laptop has HDMI ports, a USB-C port, a USB-A port, an SD card slot, and a headphone jack. Microsoft has also designed a large haptic touchpad for easier navigation. The machine comes in Platinum and Nightfall colors and is said to provide a full day of battery life.

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#Microsoft #Surface #Laptop #Ultra #Brings #Nvidia #Spark #Power #Windows #PCsMicrosoft,NVIDIA

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