Klarna, nearing IPO, plucks lucrative Walmart fintech partnership from rival Affirm

1. Klarna secures exclusive BNPL partnership with Walmart, impacting Affirm's market position. 2. OnePay will manage customer experience, while Klarna handles loan underwriting for Walmart. 3. Klarna's IPO preparation coincides with intensified competition against Affirm. 4. Affirm's shares are down 18% this year, challenging its growth strategy. 5. Walmart's fintech startup OnePay is rapidly growing, enhancing market penetration.