Independent ad technology company PubMatic has partnered with Klarna, an AI-powered global payments network and shopping assistant, to scale programmatic access to Klarna’s native advertising inventory via PubMatic’s Convert, a unified self-service ad platform.
The partnership will allow advertisers to reach and engage with Klarna’s “high-intent” global audience of 150 million shoppers directly at the point of purchase, according to a media release.
Klarna claims a shopper community of 37 million consumers in the U.S. and 550,000 retailer partners representing over 2.5 million transactions per day, per the release. The company’s programmatic advertising offering joins its suite of media solutions that encompass affiliate, search and influencer marketing.
The integration with PubMatic provides Klarna with “scaled access” to demand via whichever demand-side platform (DSP) a buyer is working with on both a self-serve and managed service basis.
The integration will initially be available in the U.S., with European markets to follow “quickly thereafter.”
“Our aim is to offer consumers a relevant, personalized and smooth shopping experience, while being a growth partner to retailers,” David Sandstrom, chief marketing officer at Klarna, said in the release. “By partnering with PubMatic, we are excited to leverage the power of programmatic advertising to connect brands with the world’s most engaged shoppers at scale and create efficiencies in their media buys.”
“Our partnership with Klarna unlocks tremendous opportunities for advertisers seeking to drive high-performance campaigns at a time of disruption in the digital advertising ecosystem,” added Hashim Mian, vice president of commerce media at PubMatic. “Buyers now have the opportunity to engage active shoppers, particularly valuable Millennial and Gen Z audiences, directly at the coveted point of purchase.”
PubMatic has been scaling its commerce media offering since the launch of its Convert platform in mid-2023. According to Magna Global, commerce media is expected to be a $158 billion market globally this year, and reach $220 billion by 2027. PubMatic is investing across commerce media technology, including sponsored listings, onsite display and video advertising and offsite audience extension.