visimoney
TLDR:
- Swedish fintech company Klarna is planning to go public in the United States, according to CEO Sebastian Siemiatkowski.
- Klarna offers buy-now-pay-later (BNPL) services and is currently valued at $7.85 billion.
- The company sees the US as its largest market by revenue and believes there is a greater understanding of fintech among the investor base.
- Klarna recently extended its partnership with Adyen to simplify card payments for its customers and merchant partners.
The Swedish fintech firm Klarna is considering an initial public offering (IPO) in the United States, according to CEO Sebastian Siemiatkowski. While no official dates have been announced, Siemiatkowski stated that going public in the US is likely to happen soon. Klarna specializes in providing buy-now-pay-later (BNPL) services to retail clients and was once valued at $45.6 billion. However, its valuation dropped to $6.7 billion last year before rising to $7.85 billion following its first quarterly profit in December. Siemiatkowski sees the US as the company’s largest market in terms of revenue and believes that US investors have a better understanding of fintech and tech companies. Klarna recently expanded its partnership with Adyen to simplify card payments for its customers and merchant partners globally.
