Kraken launches all-in-one global money app
Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, today unveils the launch of Krak: a next generation, all-in-one global money app.
0
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
The Krak app reimagines what constitutes money and value, empowering users to instantly transact across borders for almost no cost, while also earning competitive rewards on their account balances.
Built for a global, digital-first generation, the Krak app blends the freedom of crypto with the familiarity of everyday finance. Users can seamlessly manage over 300 different fiat and digital assets, making Krak app the ultimate portable financial command center built for the modern era.
'We built and launched the Krak app because the financial system has been stuck in the past, and we think it's time to do something about it. With Krak, we're taking a bold step toward rebuilding what we consider to be the most important layer of the global economy: How people move and use money,' said Arjun Sethi, Kraken's co-CEO.
Powered by crypto innovation and strengthened by Kraken's trusted network of banking relationships and payment partnerships, Krak challenges the outdated norms of legacy finance. Whether sending money to family abroad, growing balances, or managing spending on everyday purchases, users can rely on the Krak app as a seamless, all-in-one financial hub – giving them control of their assets, on their terms.
The Krak app at launch will feature:
• Peer-to-peer payments: Instantly and affordably send funds to other Krak app users across 110 different countries. Using Kraktags, a personalized payment ID, app users can seamlessly send and request payments across 300+ assets spanning crypto, stablecoins and fiat currencies (where available) without inserting bank details or crypto wallet addresses.
• Dedicated spend and earn accounts: Seamlessly make payments and earn rewards with no lock-up periods, no minimum contributions, or subscriptions needed. At launch, eligible users can earn up to 4.1% rewards on USDG stablecoin balances, as well as additional earning opportunities across 20+ digital assets up to 10%.
• What the future holds for Krak:
o The release of physical and virtual Krak cards, unlocking seamless spending at millions of merchants worldwide, both online and in-store, using fiat currencies and cryptoassets in the Krak app.
o A range of pay-in-advance services, ranging from lending to loans and credit card programs.
Sethi added: 'We believe that basic financial services should be as universal and available as clean water. And that money should move as easily as information does. Krak is just the beginning. We see it as a foundation. A core building block for how people everywhere will manage their money in the future.'
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Finextra
9 hours ago
- Finextra
Klarna commits $1.25m to environmental moonshots
Klarna, the AI-powered global payments network and commerce network, today announced $1.25M in fresh funding for 18 'moonshot' climate projects for 2025 in a further rejection of the traditional 'carbon offsetting' model. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The latest funding takes Klarna's total contribution in climate projects to $8.4 million over five years. The fund now supports over 60 initiatives across 27 countries, from cutting-edge carbon removal to community-led forest protection efforts. Klarna has cut its own greenhouse gas emissions by 43% since 2022, putting the company ahead of schedule to meet its 2040 net-zero target. Klarna launched its Climate Transformation Fund in 2021 to take a different approach to fighting climate change. Instead of buying traditional carbon offsets, Klarna puts a price on the emissions it creates and invests that money into real solutions. From scientists developing new ways to extract carbon from the air, to indigenous communities protecting rainforests, Klarna is helping fund projects that often get overlooked but make a real difference. 'When we set out to reduce our own emissions, we realised we could have an even bigger impact by also helping others to develop innovative climate solutions,' said Alexander Farsan, Klarna's Head of Climate and Environment. 'We need big ideas, moonshots to solve the climate crisis, that's why we're backing people with bold visions that don't fit the typical mold for climate finance.' Among the 18 new projects funded in 2025 are: • BluShift - capturing CO2 from seawater in the US • Carbonsate - storing carbon from invasive bush species underground in Namibia • Kairos Carbon – capturing carbon from wet organic wastes in the UK • Releaf Earth – community-based biochar in Nigeria Later this year, Klarna will also fund a new selection of projects beyond durable carbon removal, focusing on decarbonisation as well as nature protection and restoration under the CTF. As in previous years, Klarna is supporting a mix of early-stage and scalable climate solutions—backing scientists, entrepreneurs, and local leaders building a more resilient and low-carbon future.
Finextra
9 hours ago
- Finextra
Yaspa names Chris Lowe CFO
Award-winning open banking fintech Yaspa has named Chris Lowe as its new Chief Financial Officer. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Lowe brings more than a decade of experience to the position, with a proven record of helping growth-stage companies scale at speed via a blend of core finance leadership and strategic roles. Yaspa is an award-winning fintech providing instant payments and identity services, using open banking and AI to help iGaming platforms build trust through smarter payments. Headquartered in London, Yaspa works with partners in the UK and Ireland and across Europe. Lowe, a qualified chartered accountant, has been working as fractional CFO for Yaspa since October 2024 through his position as Chief Strategy Officer at Irish finance consultancy Fitzgerald Power. He is now joining Yaspa full-time to help accelerate the company's growth trajectory, with imminent plans to expand into new geographic regions and industry sectors. Lowe's expertise in financial modelling and fund raising has helped previous clients grow from start up, to scale up and beyond; his appointment comes as Yaspa enters a critical stage in its evolution. Lowe said: 'It's a hugely exciting time to join Yaspa on its growth journey. I'm energised by companies at this stage, where things are moving fast and the market opportunity is clear with strong tailwinds. I thrive on bringing clarity to complexity through the numbers, helping to chart a confident course through dynamic conditions, and I'm looking forward to building closer relationships with the talented growing team.' Yaspa CEO James Neville said: 'Chris has already made a significant impact during his time as fractional CFO, helping us sharpen our financial strategy as we prepare for our next phase of growth. 'His experience scaling fast-moving businesses and navigating complex financial environments makes him the ideal person to lead Yaspa's finance function full-time. We're delighted to have him on board as we expand into new markets and continue building a category-defining business.'
Finextra
9 hours ago
- Finextra
Kraken launches all-in-one global money app
Kraken, a technology platform built on crypto that unlocks access and reduces inefficiencies to drive financial freedom, today unveils the launch of Krak: a next generation, all-in-one global money app. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The Krak app reimagines what constitutes money and value, empowering users to instantly transact across borders for almost no cost, while also earning competitive rewards on their account balances. Built for a global, digital-first generation, the Krak app blends the freedom of crypto with the familiarity of everyday finance. Users can seamlessly manage over 300 different fiat and digital assets, making Krak app the ultimate portable financial command center built for the modern era. 'We built and launched the Krak app because the financial system has been stuck in the past, and we think it's time to do something about it. With Krak, we're taking a bold step toward rebuilding what we consider to be the most important layer of the global economy: How people move and use money,' said Arjun Sethi, Kraken's co-CEO. Powered by crypto innovation and strengthened by Kraken's trusted network of banking relationships and payment partnerships, Krak challenges the outdated norms of legacy finance. Whether sending money to family abroad, growing balances, or managing spending on everyday purchases, users can rely on the Krak app as a seamless, all-in-one financial hub – giving them control of their assets, on their terms. The Krak app at launch will feature: • Peer-to-peer payments: Instantly and affordably send funds to other Krak app users across 110 different countries. Using Kraktags, a personalized payment ID, app users can seamlessly send and request payments across 300+ assets spanning crypto, stablecoins and fiat currencies (where available) without inserting bank details or crypto wallet addresses. • Dedicated spend and earn accounts: Seamlessly make payments and earn rewards with no lock-up periods, no minimum contributions, or subscriptions needed. At launch, eligible users can earn up to 4.1% rewards on USDG stablecoin balances, as well as additional earning opportunities across 20+ digital assets up to 10%. • What the future holds for Krak: o The release of physical and virtual Krak cards, unlocking seamless spending at millions of merchants worldwide, both online and in-store, using fiat currencies and cryptoassets in the Krak app. o A range of pay-in-advance services, ranging from lending to loans and credit card programs. Sethi added: 'We believe that basic financial services should be as universal and available as clean water. And that money should move as easily as information does. Krak is just the beginning. We see it as a foundation. A core building block for how people everywhere will manage their money in the future.'
