On the heels of its IPO filing, Swedish fintech giant Klarna announced on Monday that it will exclusively provide buy now, pay later loans for Walmart.

Klarna said it will become the exclusive buy-now-pay-later provider at Walmart in the U.S., replacing rival Affirm as the Swedish fintech company nears a potential initial public offering.

Affirm had a rough day after news broke that Klarna will displace it as Walmart’s exclusive ‘buy now, pay later’ partner, just days after Klarna’s high-profile IPO filing. This morning, news broke that the fast-credit fintech company Klarna has deposed its competitor Affirm as Walmart’s exclusive provider of “Buy Now,