VibePay and Klarna go head to head over trademark dispute
A real David and Goliath story of the fintech world.
The buy now, pay later giant has moved to trademark the word because it is gearing up to launch its rewards programme of the same name here in the UK.
As it stands, Klarna’s US customers can earn points for every $1 they spend, which can then be cashed in to pay for Starbucks drinks or Ubers.
Klarna first launched Vibe, which now counts 1.8 million customers, in June 2020 and CEO Sebastian Siemiatkowski promised that his fintech would launch Vibe in Europe later in the summer—a plan that has been derailed by VibePay.
According to The Telegraph, one potential outcome of the dispute is the $45bn buy now, pay later giant acquiring UK-based VibePay.
At the time of Klarna’s launch, MassieKlarna’s senior team” had viewed his LinkedIn profile and that the BNPL fintech pinching VibePay’s wasn’t a vibe.
AltFi approached Klarna for comment but it declined to provide one.