00:00 Speaker A
Buy now pay later firm Klarna, this one is landing and partnering up with DoorDash. In the coming months, customers will be able to use Klarna services to purchase groceries, retail, and a dash pass annual plan. And customers will have the option to pay for their purchases in full, in four equal installments or defer payments to a more convenient time here shares right now of DoorDash, up by one and a half percent.
00:28 Speaker B
Yeah, and you know, I’m not proud to admit this, but I am a dash pass member.
00:32 Speaker A
Really?
00:33 Speaker B
Yes, I am.
00:34 Speaker A
How long? Member since?
00:37 Speaker B
For like two years now?
00:42 Speaker A
Okay, since since 23.
00:45 Speaker B
It’s it’s a good deal. It’s a good deal. But for DoorDash, this is their first buy now pay later partnership. We we’ve seen this shifting consumer sentiment, this decrease in consumer confidence, this expectation that we’re going to have inflation elevated over the long term and we know that a lot of consumers, they’ve been pretty squeezed when you go to the grocery store. So the fact that we’re seeing this buy now pay later partnership for DoorDash, I think could be a positive. Hence the share uptick that we’re seeing today. But this is also coming ahead of Klarna’s expected IPO and I think just partnering with, you know, more of a sexy name like DoorDash, a name that people know and recognize that could potentially get some retail investors on board to potentially invest in this stock. And this comes just a couple days after they partnered with Walmart. And Walmart had a previous partnership with a firm which was a Klarna competitor. So right now Klarna is just wheeling and dealing ahead of this IPO.
01:31 Speaker A
Yeah, they certainly are trying to at least show to the street that they have a lot of power to throw around within this buy now pay later landscape and with some of the biggest retail partners that are out there for many consumers, for Walmarts within a 10 mile radius of 90% of America. And then for DoorDash, um, used by alley canal.
02:03 Speaker B
Used right by used by me and I do think it it gives you some good deals depending on how often you use it, but I’m trying to cut back. Trying I’m trying to cook my own food.
02:16 Speaker A
Look, I
02:18 Speaker B
It’s hard in this city. Sometimes you’re busy and you just got to order that chicken parm.
02:23 Speaker A
Yeah, they got me hooked.