Business
DoorDash logo
(Thomas Fuller/Getty Images)

BNPL giant Klarna is partnering with DoorDash so you can finance your burrito delivery bill

Eat now, pay later.

Klarna has officially added DoorDash to its buy now, pay later portfolio as the company prepares for its highly anticipated IPO. In the coming months, Klarna users will be able to use the BNPL service to purchase groceries, retail items, and even the DashPass Annual Plan on DoorDash’s app and website.

DoorDash is the world’s most popular food and product delivery service, raking in $80 billion in orders and subscriptions last year.

Soon, Dash users will have multiple delivery payment options through Klarna, including: Pay in Full; Pay in 4, which lets customers pay in four equal interest-free installments; or Pay Later, which lets customers defer payments to a more convenient time (like when their paycheck hits). It’s been a big week for Klarna, as the announcement comes just days after the company publicly filed for its IPO on the New York Stock Exchange and replaced rival Affirm as Walmart’s exclusive BNPL vendor.

More Business

See all Business
business

Ford joins GM in backing off of its EV tax credit extension plan following GOP criticism

Ford, despite benefiting from an electric sales surge in recent months, is giving up on a clever accounting plan to extend the expired $7,500 EV tax credit to some of its customers.

Like its rival GM earlier this week, Ford on Thursday night confirmed to Reuters that it will not claim the tax credit, backing off from its short-lived leasing strategy.

The automakers’ plan was to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots in late September. Those transactions would qualify for the credit, and Ford and GM could pass the discount on to customers through leases.

But the strategy angered GOP senators, who last week wrote a letter to Treasury Secretary Scott Bessent accusing the automakers of “bilking” taxpayers.

Ford CEO Jim Farley last month said he expects the end of the tax credit to cut EV sales in half.

The automakers’ plan was to extend the subsidy by using their financial arms to put down payments on electric vehicles already on their dealers’ lots in late September. Those transactions would qualify for the credit, and Ford and GM could pass the discount on to customers through leases.

But the strategy angered GOP senators, who last week wrote a letter to Treasury Secretary Scott Bessent accusing the automakers of “bilking” taxpayers.

Ford CEO Jim Farley last month said he expects the end of the tax credit to cut EV sales in half.

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.