Klarna, one of the leading “buy now, pay later” (BNPL) and digital payments companies, is planning an initial public offering (IPO) on the New York Stock Exchange, aiming to raise at least $1 billion.
This move is part of the company’s strategy to strengthen its growth and expand its global market presence.
Klarna’s valuation peaked at $45.6 billion in 2021, but later dropped to $6.7 billion in 2022 before stabilizing at $14.6 billion last year.
The company boasts a global user base of 85 million customers and over 600,000 retail partners worldwide.
Founded 20 years ago in Stockholm, Sweden, Klarna has built an innovative business model combining flexible financing and digital payment solutions.
The IPO is seen as a significant step to solidify the company’s position as a key player in the fintech industry.
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