Bob's Watches, the leading online marketplace where consumers can sell, trade and buy pre-owned Rolex watches at true fair market value, and Klarna, a leading global retail bank, payments and shopping service, are partnering to offer Klarna's long-term Rolex financing program. The new payment will make purchasing luxury watches more accessible and flexible, giving customers the option to finance their purchase into monthly payments with interest rates as low as 0% APR.
"Through the first two quarters of this year, Bob's Watches generated double-digit growth and continued momentum by making our purchasing process of luxury watches, seamless, and as accessible as possible," said Paul Altieri, Founder & CEO of Bob's Watches. "The second-hand market for pre-owned Rolex watches and fine timepieces has surged as more consumers increasingly use the internet for luxury purchases."
"We're excited to bring the smooth Klarna shopping experience to Bob's Watches, spotlighting our ability to offer luxury goods at every price point," said Raji Behal, Global Head of Partner Success, Klarna. "At Klarna, we realize we have a responsibility to help drive positive change towards a better future and providing our consumers unique access to shop more mindfully is just one of the many ways we are working to make a difference." The $30 billion luxury watch category is poised to grow at a 1% CAGR over the next five years, according to recent industry forecasts.
With seamless integration into the digital and physical shopping experience, Klarna provides another convenient payment method that removes financial barriers for those looking to purchase luxury watches and don't want to pay a lump sum. The new Klarna payment option is currently available and can be applied to purchases up to $15,000.
About Bob's Watches
Bob's Watches is the world's first pre-owned Rolex exchange, conveniently offering people the ability to buy, sell or trade luxury watches online or in its offices. Having entered the luxury watch space back in 2010, Bob's Watches has bought and sold over 75,000, watches, and has sustained a 5-star rating on verified transactions. Bob's Watches is known for transparently displaying the buy and sell prices for timepieces on their website, affording consumers the ability to shop around, helping ensure they get the best possible prices for their watch.
About Klarna
With Klarna, consumers can buy now and pay later, so they can get what they love today. Klarna's offerings to consumers and retailers include payments, social shopping, and personal finances. Over 250,000 retail partners, including H&M, IKEA, Expedia Group, Samsung, ASOS, Peloton, Abercrombie & Fitch, Nike and AliExpress, have enabled Klarna's innovative shopping experience online and in-store. Klarna is one of the most highly valued private Fintechs globally, with a recent valuation of $45.6 billion. Klarna was founded in 2005 and has over 4,000 employees in 17 countries. For more information, visit klarna.com.
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Original Source: Bob's Watches and Klarna Partner to Make Buying Rolex Watches More Affordable
