Klarna Kosma joins forces with iBilly

The collaboration aims to provide iBilly users with a data-driven, all-in-one financial overview. Additionally, it enables iBilly to offer its budgeting technology to clients throughout Europe.

By working with Klarna Kosma, iBilly was able to expand throughout Europe and link to over 15,000 banks through a single integration. This has led to a 28% increase in monthly user growth and more than 70% of new users moving through with onboarding, as stated in the official press release.

iBilly’s capabilities

Launched in 2021, iBilly is a budgeting app which uses artificial intelligence (AI) technology to enable users to streamline their bank accounts, budgets, and saving goals all in one place. Whether users want to save for a retirement or get on the property ladder, the app provides them with insights into their current and future financial situation by retrieving and categorising transactions. This gives them an overview of their income and expenses on a daily basis.

More details about Klarna Kosma

Kosma provides financial institutions, fintechs and merchants with the essential connectivity to build the next generation of fintech apps and services by providing simple and secure access to 15,000 banks in 27 countries around the world through a single API. This business unit harnesses the growth Klarna has seen in this area, having more than doubled the number of connected banks in 2022. Today, Kosma processes close to a billion information requests to bank accounts each year.

iBilly’s capabilities

Launched in 2021, iBilly is a budgeting app which uses artificial intelligence (AI) technology to enable users to streamline their bank accounts, budgets, and saving goals all in one place. Whether users want to save for a retirement or get on the property ladder, the app provides them with insights into their current and future financial situation by retrieving and categorising transactions. This gives them an overview of their income and expenses on a daily basis.

More details about Klarna Kosma

Kosma provides financial institutions, fintechs and merchants with the essential connectivity to build the next generation of fintech apps and services by providing simple and secure access to 15,000 banks in 27 countries around the world through a single API. This business unit harnesses the growth Klarna has seen in this area, having more than doubled the number of connected banks in 2022. Today, Kosma processes close to a billion information requests to bank accounts each year.