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Fast Five Shorts | Klarna & Doordash Bring BNPL To Meal Delivery · Omni Talk Retail

• 0:00
  Klarna,
• 0:00
  for
• 0:00
  the
• 0:01
  second
• 0:01
  week
• 0:01
  in
• 0:01
  a
• 0:01
  row
• 0:02
  is
• 0:02
  making
• 0:02
  our
• 0:03
  Fast
• 0:03
  5
• 0:03
  headlines.
• 0:04
  They
• 0:04
  have
• 0:05
  inked
• 0:05
  a
• 0:05
  significant
• 0:06
  new
• 0:06
  partnership,
• 0:07
  and
• 0:07
  this
• 0:07
  time
• 0:07
  with
• 0:07
  DoorDash.
• 0:08
  We've
• 0:08
  got
• 0:08
  somebody
• 0:08
  from
• 0:09
  DoorDash
• 0:09
  coming
• 0:09
  on
• 0:09
  today,
• 0:10
  one
• 0:10
  of
• 0:10
  the
• 0:10
  very
• 0:10
  first
• 0:11
  employees
• 0:11
  of
• 0:11
  DoorDash.
• 0:12
  Sweet.
• 0:13
  I'm
• 0:13
  very
• 0:13
  excited
• 0:13
  to
• 0:14
  talk
• 0:14
  to
• 0:14
  her.
• 0:14
  Jessica
• 0:15
  Locks
• 0:15
  will
• 0:15
  be
• 0:15
  on.
• 0:16
  Oh,
• 0:16
  right.
• 0:16
  All
• 0:16
  right.
• 0:17
  So
• 0:17
  according
• 0:17
  to
• 0:18
  CNBC,
• 0:18
  DoorDash
• 0:19
  customers
• 0:19
  can
• 0:19
  soon
• 0:20
  buy
• 0:20
  with
• 0:20
  Klarna
• 0:21
  via
• 0:21
  full
• 0:21
  payments,
• 0:22
  interest
• 0:22
  free
• 0:23
  installments
• 0:23
  or
• 0:23
  deferred
• 0:24
  options
• 0:25
  aligned
• 0:25
  with
• 0:25
  payday
• 0:26
  schedules.
• 0:26
  Klarna
• 0:27
  said
• 0:27
  in
• 0:27
  a
• 0:27
  press
• 0:28
  release
• 0:28
  that
• 0:28
  DoorDash
• 0:29
  customers
• 0:29
  will
• 0:29
  be
• 0:29
  able
• 0:29
  to
• 0:30
  pay
• 0:30
  in
• 0:30
  full
• 0:30
  at
• 0:30
  checkout,
• 0:31
  special
• 0:31
  split
• 0:31
  payments
• 0:32
  into
• 0:32
  four
• 0:32
  equal
• 0:33
  interest
• 0:33
  free
• 0:34
  installments
• 0:34
  or
• 0:35
  deferred
• 0:35
  to
• 0:35
  dates
• 0:36
  that
• 0:36
  align
• 0:36
  conveniently
• 0:37
  with
• 0:38
  when
• 0:38
  they
• 0:38
  get
• 0:38
  paid
• 0:39
  for
• 0:39
  Klarna.
• 0:40
  The
• 0:40
  announcement
• 0:40
  comes
• 0:41
  after
• 0:41
  it
• 0:41
  recently
• 0:42
  became
• 0:42
  the
• 0:42
  exclusive
• 0:43
  provider
• 0:43
  of
• 0:43
  Buy
• 0:43
  Now
• 0:44
  Pay
• 0:44
  later
• 0:44
  loans
• 0:44
  for
• 0:45
  one
• 0:45
  pay,
• 0:45
  the
• 0:45
  Walmart
• 0:46
  backed
• 0:46
  Fintech
• 0:47
  company.
• 0:47
  The
• 0:48
  partnership
• 0:48
  also
• 0:49
  strengthens
• 0:49
  Klarna's
• 0:50
  position
• 0:50
  in
• 0:50
  the
• 0:50
  US
• 0:51
  Just
• 0:51
  before
• 0:51
  its
• 0:52
  anticipated
• 0:53
  debut
• 0:53
  on
• 0:53
  the
• 0:54
  New
• 0:54
  York
• 0:54
  Stock
• 0:54
  Exchange.
• 0:55
  Chris,
• 0:57
  I
• 0:57
  have
• 0:57
  to
• 0:57
  ask.
• 0:58
  Yes.
• 0:58
  You
• 0:58
  were
• 0:58
  just
• 0:59
  on
• 0:59
  your
• 0:59
  phone
• 0:59
  this
• 0:59
  morning
• 1:00
  trying
• 1:00
  to
• 1:00
  figure
• 1:00
  out
• 1:01
  how
• 1:01
  to
• 1:01
  get
• 1:01
  a
• 1:01
  product
• 1:02
  in
• 1:02
  a
• 1:02
  very
• 1:02
  short
• 1:03
  amount
• 1:03
  of
• 1:03
  time.
• 1:03
  That's
• 1:03
  right.
• 1:03
  How
• 1:04
  long
• 1:04
  before
• 1:04
  you
• 1:04
  start
• 1:05
  using
• 1:05
  BNPL
• 1:06
  to
• 1:07
  your
• 1:07
  for
• 1:07
  your
• 1:07
  doordash
• 1:08
  deliveries?
• 1:09
  Oh,
• 1:09
  my
• 1:09
  God.
• 1:09
  And
• 1:10
  like,
• 1:10
  as
• 1:10
  soon
• 1:10
  as
• 1:10
  possible.
• 1:11
  Like,
• 1:11
  is
• 1:11
  yesterday
• 1:12
  an
• 1:12
  answer
• 1:12
  two
• 1:13
  weeks
• 1:13
  ago
• 1:13
  an
• 1:13
  answer
• 1:14
  100%.
• 1:14
  I
• 1:15
  mean,
• 1:15
  you
• 1:15
  and
• 1:15
  I
• 1:15
  were
• 1:15
  joking
• 1:15
  about
• 1:15
  this.
• 1:16
  I
• 1:16
  want
• 1:16
  to
• 1:16
  bring
• 1:16
  it
• 1:16
  up
• 1:16
  for
• 1:16
  the
• 1:16
  audience.
• 1:17
  Do
• 1:17
  you
• 1:17
  remember
• 1:18
  where
• 1:18
  we
• 1:18
  were
• 1:18
  the
• 1:19
  first
• 1:19
  time
• 1:19
  we
• 1:19
  learned
• 1:19
  about
• 1:19
  bnpl?
• 1:21
  No,
• 1:22
  you
• 1:22
  don't.
• 1:22
  You
• 1:22
  gotta
• 1:22
  refresh
• 1:23
  my
• 1:23
  memory.
• 1:23
  Okay.
• 1:24
  We
• 1:24
  were@shop.org
• 1:25
  in
• 1:25
  LA.
• 1:26
  It
• 1:26
  was
• 1:27
  September
• 1:27
  of.
• 1:27
  There's
• 1:27
  a
• 1:28
  lot
• 1:28
  going
• 1:28
  on
• 1:28
  during.
• 1:29
  Yeah,
• 1:29
  there
• 1:29
  was,
• 1:29
  there
• 1:29
  was
• 1:29
  a
• 1:29
  lot
• 1:30
  going
• 1:30
  on
• 1:30
  that
• 1:30
  trip,
• 1:30
  which
• 1:31
  will
• 1:31
  stay
• 1:31
  between
• 1:32
  us.
• 1:32
  But.
• 1:33
  But
• 1:33
  it
• 1:33
  was
• 1:33
  shop.org
• 1:34
  2018.
• 1:35
  We
• 1:36
  went
• 1:36
  by
• 1:36
  Sezzle.
• 1:37
  They
• 1:37
  had
• 1:37
  a
• 1:37
  booth
• 1:37
  and
• 1:38
  somebody
• 1:38
  recognized
• 1:38
  us
• 1:39
  from
• 1:39
  Minnesota
• 1:39
  and
• 1:39
  they're
• 1:39
  like,
• 1:39
  hey,
• 1:40
  come
• 1:40
  and
• 1:40
  check
• 1:40
  this
• 1:40
  out.
• 1:41
  And
• 1:41
  they
• 1:41
  told
• 1:42
  us
• 1:42
  about
• 1:42
  it.
• 1:42
  And
• 1:42
  I,
• 1:42
  I
• 1:43
  got
• 1:43
  like
• 1:43
  super
• 1:44
  geeked
• 1:44
  up
• 1:44
  about
• 1:44
  it.
• 1:45
  I
• 1:45
  was
• 1:45
  like,
• 1:45
  this
• 1:45
  is
• 1:45
  so
• 1:46
  cool.
• 1:46
  Totally
• 1:47
  makes
• 1:47
  sense
• 1:47
  if
• 1:47
  you
• 1:47
  can
• 1:48
  make
• 1:48
  this
• 1:48
  work.
• 1:48
  Yeah,
• 1:49
  it's
• 1:49
  all
• 1:49
  coming
• 1:49
  back
• 1:49
  to
• 1:49
  me.
• 1:50
  Yeah.
• 1:50
  I
• 1:50
  mean,
• 1:50
  you
• 1:51
  were
• 1:51
  like
• 1:51
  three.
• 1:51
  You
• 1:51
  were
• 1:51
  like,
• 1:52
  you
• 1:52
  just
• 1:52
  had
• 1:52
  a
• 1:52
  baby
• 1:52
  like
• 1:52
  three
• 1:53
  months
• 1:53
  ago.
• 1:53
  Right.
• 1:53
  I
• 1:53
  was
• 1:54
  not.
• 1:54
  Yeah,
• 1:54
  there's
• 1:55
  a
• 1:55
  lot
• 1:55
  happening.
• 1:55
  Yeah.
• 1:56
  And
• 1:56
  we
• 1:56
  had
• 1:57
  like
• 1:57
  this
• 1:57
  crazy
• 1:57
  Airbnb
• 1:58
  in
• 1:58
  the
• 1:58
  middle
• 1:58
  of
• 1:58
  downtown.
• 1:59
  It
• 1:59
  was
• 1:59
  just,
• 1:59
  it
• 1:59
  was
• 1:59
  awful.
• 2:00
  But
• 2:00
  anyway,
• 2:01
  great
• 2:02
  insight
• 2:02
  into,
• 2:02
  like,
• 2:03
  where
• 2:03
  the
• 2:03
  future
• 2:03
  is
• 2:03
  going
• 2:04
  that
• 2:04
  day.
• 2:05
  And
• 2:05
  so
• 2:05
  ever
• 2:06
  since
• 2:06
  then,
• 2:06
  I
• 2:06
  think
• 2:06
  it's
• 2:07
  just
• 2:07
  it
• 2:07
  makes
• 2:08
  so
• 2:08
  much
• 2:08
  sense
• 2:08
  because
• 2:08
  it
• 2:09
  is
• 2:09
  a
• 2:09
  smarter
• 2:09
  way
• 2:09
  as
• 2:10
  a
• 2:10
  consumer
• 2:10
  to
• 2:10
  buy
• 2:10
  things
• 2:11
  because
• 2:11
  you
• 2:11
  can
• 2:11
  get
• 2:12
  interest
• 2:12
  free
• 2:12
  loans.
• 2:13
  Yeah.
• 2:13
  So
• 2:13
  like,
• 2:14
  why
• 2:14
  wouldn't
• 2:14
  I
• 2:14
  extend
• 2:14
  my
• 2:15
  payables?
• 2:15
  And
• 2:16
  so
• 2:16
  you're
• 2:16
  starting
• 2:16
  to
• 2:16
  see
• 2:17
  this
• 2:17
  everywhere
• 2:17
  now.
• 2:18
  You
• 2:18
  know,
• 2:18
  Walmart's
• 2:19
  doing
• 2:19
  it.
• 2:20
  Doordash
• 2:20
  is
• 2:20
  doing
• 2:21
  it.
• 2:21
  It's
• 2:21
  another
• 2:21
  great
• 2:22
  hook
• 2:22
  for
• 2:22
  doordash
• 2:22
  too,
• 2:23
  which
• 2:23
  we've
• 2:23
  talked
• 2:23
  about
• 2:23
  a
• 2:23
  while.
• 2:24
  Like
• 2:24
  the
• 2:24
  Dash
• 2:24
  pass
• 2:24
  is
• 2:25
  very
• 2:25
  advantageous
• 2:26
  if
• 2:26
  you
• 2:26
  get
• 2:26
  your
• 2:26
  hands
• 2:26
  on
• 2:27
  one.
• 2:27
  So
• 2:28
  I,
• 2:28
  you
• 2:28
  know,
• 2:28
  I
• 2:28
  love
• 2:28
  it.
• 2:29
  Yeah,
• 2:29
  I
• 2:29
  think
• 2:30
  you're
• 2:30
  right.
• 2:30
  You
• 2:30
  know
• 2:30
  what?
• 2:30
  I
• 2:31
  think
• 2:31
  initially
• 2:31
  I
• 2:32
  was
• 2:32
  concerned
• 2:33
  about
• 2:33
  Buy
• 2:33
  Now,
• 2:33
  Pay
• 2:34
  later,
• 2:34
  about
• 2:34
  getting
• 2:35
  people
• 2:36
  into
• 2:36
  a
• 2:36
  position
• 2:37
  where
• 2:37
  now
• 2:38
  you're
• 2:38
  using
• 2:38
  Buy
• 2:38
  now,
• 2:38
  pay
• 2:39
  later
• 2:39
  for
• 2:40
  food
• 2:40
  ordering
• 2:41
  delivery.
• 2:41
  But
• 2:41
  then
• 2:42
  I
• 2:42
  thought
• 2:42
  about
• 2:42
  it,
• 2:42
  Chris,
• 2:42
  and
• 2:43
  it's
• 2:43
  like,
• 2:43
  look
• 2:43
  at
• 2:43
  the
• 2:43
  contrast
• 2:44
  on
• 2:44
  the
• 2:44
  other
• 2:44
  side
• 2:45
  of
• 2:45
  things.
• 2:45
  You're
• 2:45
  just
• 2:45
  putting
• 2:45
  it
• 2:45
  on
• 2:46
  a
• 2:46
  credit
• 2:46
  card.
• 2:46
  You're
• 2:47
  building
• 2:47
  up
• 2:47
  and
• 2:47
  racking
• 2:47
  up
• 2:48
  credit
• 2:48
  card
• 2:48
  debt.
• 2:49
  At
• 2:49
  least
• 2:49
  with
• 2:50
  this
• 2:50
  move
• 2:51
  you're,
• 2:51
  you're
• 2:52
  able
• 2:52
  to,
• 2:52
  like
• 2:52
  you
• 2:52
  said,
• 2:52
  put
• 2:53
  it
• 2:53
  into
• 2:53
  installments,
• 2:54
  align
• 2:54
  it
• 2:54
  to
• 2:55
  your
• 2:55
  payday
• 2:55
  schedule
• 2:56
  so
• 2:56
  that
• 2:56
  you're
• 2:56
  able
• 2:57
  to
• 2:57
  like
• 2:57
  have
• 2:58
  more
• 2:58
  visibility
• 2:58
  or
• 2:59
  more
• 2:59
  activity,
• 2:59
  I
• 3:00
  guess,
• 3:00
  involved
• 3:01
  in
• 3:01
  how
• 3:01
  you're
• 3:01
  spending
• 3:02
  your
• 3:02
  money.
• 3:02
  And
• 3:02
  I
• 3:02
  think
• 3:02
  that
• 3:03
  will
• 3:03
  become
• 3:03
  more
• 3:03
  and
• 3:03
  more
• 3:04
  important.
• 3:05
  I
• 3:05
  also
• 3:05
  think
• 3:05
  this
• 3:06
  is
• 3:06
  a
• 3:06
  big
• 3:06
  move
• 3:06
  for
• 3:06
  Klarna.
• 3:07
  Not
• 3:07
  only
• 3:07
  now
• 3:07
  do
• 3:08
  you
• 3:08
  have
• 3:08
  visibility
• 3:09
  as
• 3:09
  a
• 3:10
  global
• 3:10
  organization
• 3:11
  into
• 3:11
  how
• 3:12
  multiple
• 3:12
  customers
• 3:13
  around
• 3:13
  the
• 3:13
  world
• 3:14
  are
• 3:14
  spending
• 3:14
  money,
• 3:15
  but
• 3:15
  now
• 3:16
  you
• 3:16
  also
• 3:16
  have
• 3:16
  visibility
• 3:17
  into
• 3:17
  Walmart
• 3:17
  shoppers,
• 3:18
  a
• 3:18
  major
• 3:19
  daily
• 3:19
  essentials
• 3:20
  shop
• 3:21
  mass
• 3:22
  merchant,
• 3:22
  that
• 3:22
  they'll
• 3:22
  have
• 3:23
  visibility
• 3:23
  to
• 3:24
  one
• 3:24
  of
• 3:24
  the
• 3:24
  biggest
• 3:24
  retailers
• 3:25
  in
• 3:25
  the
• 3:25
  United
• 3:25
  States.
• 3:26
  And
• 3:26
  now
• 3:26
  you
• 3:27
  have
• 3:27
  visibility
• 3:27
  into
• 3:28
  how
• 3:28
  customers
• 3:28
  are
• 3:29
  switching
• 3:29
  spending
• 3:29
  on
• 3:30
  immediate
• 3:31
  gratification
• 3:31
  categories
• 3:32
  like
• 3:32
  restaurant
• 3:33
  delivery,
• 3:34
  like
• 3:34
  other
• 3:34
  things.
• 3:34
  So
• 3:34
  I
• 3:34
  think
• 3:35
  you're
• 3:35
  just
• 3:35
  building
• 3:36
  that
• 3:36
  moat
• 3:36
  too
• 3:37
  for
• 3:38
  Klarna
• 3:38
  for,
• 3:39
  you
• 3:39
  know,
• 3:39
  the
• 3:40
  data
• 3:40
  that
• 3:40
  they
• 3:40
  have
• 3:40
  and
• 3:41
  the
• 3:41
  visibility
• 3:41
  that
• 3:42
  they
• 3:42
  have
• 3:42
  into
• 3:42
  how
• 3:43
  consumers
• 3:43
  in
• 3:43
  the
• 3:43
  world
• 3:44
  are
• 3:44
  purchasing
• 3:45
  and
• 3:45
  behavior
• 3:45
  that
• 3:45
  they're
• 3:46
  doing.
• 3:46
  So
• 3:46
  I
• 3:46
  think
• 3:46
  it
• 3:46
  puts
• 3:47
  Klarna
• 3:47
  in
• 3:47
  a
• 3:47
  great
• 3:47
  position
• 3:48
  as
• 3:48
  they're
• 3:48
  headed
• 3:49
  for
• 3:49
  this
• 3:49
  IPO.
• 3:49
  Yeah,
• 3:50
  100%.
• 3:50
  I
• 3:51
  mean,
• 3:51
  God.
• 3:51
  Yeah.
• 3:51
  This
• 3:52
  is
• 3:52
  like
• 3:52
  similar
• 3:52
  to
• 3:53
  the
• 3:53
  Best
• 3:53
  Buy
• 3:53
  story.
• 3:53
  I
• 3:53
  mean,
• 3:53
  we're
• 3:54
  gonna
• 3:54
  see
• 3:54
  a
• 3:54
  lot
• 3:54
  of
• 3:54
  people
• 3:54
  starting
• 3:55
  to
• 3:55
  jump
• 3:55
  on
• 3:55
  this
• 3:55
  bandwagon
• 3:56
  too,
• 3:56
  because
• 3:56
  it's
• 3:56
  gonna
• 3:57
  be
• 3:57
  a
• 3:57
  ubiquitous
• 3:57
  way
• 3:57
  that
• 3:58
  people
• 3:58
  are
• 3:58
  gonna
• 3:58
  start
• 3:58
  to
• 3:58
  pay
• 3:59
  and
• 3:59
  want
• 3:59
  to
• 3:59
  pay
• 3:59
  and
• 4:00
  you
• 4:00
  know,
• 4:00
  our
• 4:00
  job
• 4:01
  to
• 4:01
  be
• 4:01
  the
• 4:01
  regulators.
• 4:02
  Right.
• 4:02
  Like,
• 4:02
  we
• 4:02
  think
• 4:03
  it's
• 4:03
  just
• 4:03
  a
• 4:03
  better
• 4:03
  way
• 4:04
  to.
• 4:04
  It's
• 4:04
  a
• 4:05
  better
• 4:05
  way
• 4:05
  for
• 4:05
  consumers
• 4:06
  to
• 4:06
  purchase
• 4:06
  products.
• 4:06
  The
• 4:07
  regulators
• 4:07
  can
• 4:07
  get
• 4:07
  behind
• 4:08
  it
• 4:08
  in
• 4:08
  terms
• 4:08
  of
• 4:09
  consumer
• 4:09
  protections
• 4:09
  and
• 4:10
  things
• 4:10
  like
• 4:10
  that.
• 4:10
  Yeah.