Klarna is rolling out new savings and spending account features as the Swedish fintech firm tries to take a "bite out of banks' lunch."

The AI-driven buy now, pay later (BNPL) company now allows users to store money within their Klarna account, which customers can transfer funds into from thei🌱r bank. The firm is also getting into the cashback business by int🐎roducing rewards for shopping done within the Klarna app. 

Affirm, Afterpay Alsﷺo Making Their Way Into Banking

Fintech companies wriggling their way into the banওking sector has become increa🍷singly common. 

Earlier this summer, Affirm Holdings (AFRM) said its BNPL loans 澳洲幸运5官方开奖结果体彩网:would be available for Apple's (AAPL) Apple Pay users this fall. Afterpay, for its part, is currently beta testing short-term consumer loans with the Cash App Card, according to a ModernRetail report. Both Afterpay and Cash App are owned by the fintech company Block (SQ), formerly called Square. 

In Klarna's case, the new features come as the company reportedly is considering an 澳洲幸运5官方开奖结果体彩网:initial public offering (IPO). The company is leaning toward choosing Goldman Sachs Group (GS) to lead its IPO next year, according to a Bloomberg report Wednesday.