Klarna, a fintech company based in Sweden, is planning to go public in the United States, which CEO Sebastian Siemiatkowski mentioned in an interview.。

BNPL Service Leader

Klarna Bank AB offers "buy before pay" (BNPL) services to retail customers。The company used to be Europe's highest-valued fintech company, but its valuation fell sharply to $6.7 billion last year from about $45.6 billion.。Currently, after its first quarterly profit in December, the company is valued at 78.500 million dollars。

With BNPL, retail customers of any e-commerce platform can get short-term shopping credit。According to Global Data, the BNPL industry is growing at 25.5% CAGR is growing rapidly and the market size is expected to reach $565.8 billion by 2026。

The US is the ideal IPO market

Speculation about Klarnago's listing in Sweden and the UK has been circulating for some time.。There was more speculation when the company set up a new holding company in the UK, which was seen as preparation for a potential initial public offering (IPO).。

However, according to the CEO's latest statement, he wants the company to list in the United States, which is the company's largest market by revenue.。He is also less bullish on European listings, noting that Sweden and the UK are "still small compared to the US."。

Siemiatkowski said: "In the US, the investor community knows more about fintech and tech companies and wants to ensure that all investors in Klarna get a great return on their investment.。"

Recently, Klarna has expanded its collaboration with Adyen。Under the new terms, starting in 2024, Adyen will act as the acquiring bank for Klarna's various consumer payment products in Europe, North America and Asia.。As a payment service provider, Adyen will help Klarna Global 1.500 million consumers and 500,000 merchant partners simplify bank card payments。