Klarna, a fintech company offering Buy Now Pay Later services, is a major player in Europe. They have filed for listing to prepare for stock market acquisition in New York with the abbreviation KLAR. Based in Sweden, Klarna operates in 26 countries primarily in Europe, and also serves the United States. With over 93 million users and 675,000 supporting merchants, Klarna generated $2.811 billion in revenue and $21 million in net profit in 2024. Competing against firms like Affirm and Afterpay, Klarna’s business value peaked at $46 billion in 2021 but declined to $6.7 billion the following year. However, their IPO plan forecasts selling shares to raise an additional $15 billion in business value. Source: CNBC.
TLDR: Klarna, a Swedish fintech company, offers Buy Now Pay Later services across 26 countries in Europe and the US. Despite a decline in business value from $46 billion to $6.7 billion, Klarna plans to raise capital through a stock market listing.
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