The Wall Street Journal
Buy-now, pay-later provider Klarna launched new products in the U.S. on Thursday, as the Swedish company prepares for a potential listing next year.
Klarna, which was last valued at $6.7 billion in 2022, has held informal discussions with advisers about a possible initial public offering next summer, according to people familiar with the discussions.
Chief Executive Sebastian Siemiatkowski declined to comment on a specific timetable for a public listing. “All the stars are aligned,” he said in an interview. It is about “finding the right timing,” he added.
One of Klarna’s new products will allow U.S. consumers to store money in a bank account. Klarna is partnering with a big bank to hold customer money, a common strategy for financial-technology firms. It didn’t disclose which bank it was working with.
However, the goal is to get a U.S. banking license in order to hold the deposits independently, said Siemiatkowski. Klarna has a banking license in Sweden.
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