Budgeting app Buddy partners with Klarna Kosma to double users

The Sweden-based budgeting app is making it easier for young people to manage their money

Buddy, a budgeting app for young people, has partnered with Klarna Kosma so users can automatically track their expenses by connecting their bank. 

Kosma is Klarna’s financial technology platform for banks, fintechs and retailers. 

Buddy’s app, which has more than 3m users, provides budgeting and expense tracking tools. 

The partnership with Klarna means users can now check their account balance in real-time, monitor spending and set up payment reminders within the app. 

Kosma facilitates access between—and apps like it—and 15,000 banks in 27 countries through its API. 

Olle Lind, Buddy’s founder and chief executive officer, commented: “Buddy’s mission is to empower young people with the knowledge of how to spend and save sustainably.  

“Through this integration we’re helping individuals gain control of their finances by offering an easy-to-use, intuitive budgeting app that connects directly to their bank feed, helping them to manage their money.” 

Wilko Klaassen, vice president for open banking at Klarna Kosma, said: “We are excited to be joining forces with Buddy to make budgeting simple and fun for Gen Z and millennials. 

“With Kosma’s help, Buddy could create a smoother consumer experience, resulting in 52% more monthly active users for the Personal Finance Management App.” 

Image: © alessandrobiascioli via Canva

Josh Poyser Josh Poyser is an editor at FinTech Intel. He has written about fintech for several years and appeared at FinTech Connect 2023 on the 'Unlocking Success: The Art of Fintech PR' panel.