Klarna

Klarna Applies for U.S. Bank Charter

Klarna has applied to federal and state regulators to establish an FDIC‑insured U.S. bank subsidiary, to be chartered in Utah and tentatively named Klarna Bank USA. The proposed bank would be led by Gary Harding, a former CEO of Milestone Bank and Prime Alliance Bank, and would allow Klarna to fund loans with customer deposits, bring more payments, lending and merchant services in‑house, and expand traditional banking products. The filing follows a broader trend of fintechs pursuing their own charters after conditional approvals for peers like Mercury. Klarna recently launched high‑yield U.S. savings accounts via partner WebBank and went public in September 2025; the company says a U.S. banking license is the next strategic step if regulators approve the application.

Dirora: e-commerce platform with 68+ built-in features

Dirora is a multi-tenant e-commerce platform built around the principle that common merchant features should be included by default rather than sold as paid add-ons. The team designed a composable, API-first system composed of 40+ Go microservices, using PostgreSQL (system of record), Redis, and an S3-compatible object store, fronted by Traefik. Dirora offers a visual theme editor, headless/API-first capabilities, and a long list of native features (reviews, loyalty, subscriptions, multi-currency, B2B quotes, manufacturing, help desk, etc.). The platform charges no transaction fees and applies a declining platform fee (1.5% Starter → 0% Enterprise) across plans priced at £0, £19, £59 and £299/month. A live integrations directory includes accounting, fulfillment, analytics, social pixels and messaging tools; payments are processed via Stripe with support for Apple Pay, Google Pay, Klarna, Clearpay and PayPal.

Visa, Stripe Back Open USD Stablecoin Sharing Yield

Open USD is a newly announced dollar‑pegged stablecoin backed by a coalition of about 140 payments and financial companies — including Visa, Mastercard, Stripe, BlackRock, BNY Mellon, Coinbase, Shopify, Rakuten and DoorDash — designed so partner organizations capture most reserve yield rather than a single issuer. Open Standard (the independent entity) will be run temporarily by Zach Abrams, uses 1:1 dollar backing with reserves in Treasuries and cash, and supports multi‑chain issuance across Solana, Stellar, Base and Polygon. The launch follows the U.S. GENIUS Act (2025) and triggered an immediate market reaction (Circle stock fell ~14%). The newsletter also covers 𝕏 Money’s late‑June 2026 rollout (Cross River Bank + Visa rails) offering 6% APY, a Visa debit card, instant P2P and FDIC sweep — a distribution play that could reshape deposit economics and attention monetization.