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Fortune
Fortune
Ryan Hogg

Klarna CEO defends DoorDash deal as internet mocks ‘Collateralized Doordash Obligations’

DoorDash Klarna Sebastian Siemiatkowski United States
Sebastian Siemiatkowski, chief executive officer of Klarna Holding AB, at IFGS 2022 summit at the Guildhall in London, U.K., on Monday, April 4, 2022. Innovate Finance's summit -- part of U.K. Fintech Week -- aims to showcase Britain's financial technology sector and its global ambitions. (Credit: Chris Ratcliffe/Bloomberg via Getty Images)

Klarna CEO Sebastian Siemiatkowski has defended a landmark U.S. deal with DoorDash after users flocked to social media to deride the potential of hungry customers taking 4 months to pay off a $15 dinner delivery.

The Swedish fintech group announced last Thursday that it had agreed to a landmark payments deal with U.S. delivery giant DoorDash to allow users more options to pay for their food delivery. That includes delaying payment until the day your paycheck lands in your account, or via Klarna’s famous “pay in four” installment option. 

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