Buy-Now, Pay-Later Giant Klarna Files For IPO In The US

Payments
Written By Rick Watson

Klarna is a Swedish Buy Now, Pay Later (BNPL) company that offers innovative payment solutions to consumers and merchants globally. With operations in 45 countries and serving 85 million consumers across 575,000 merchants, Klarna has expanded aggressively in the U.S. market, demonstrating a 38% growth in revenue from the region in the first half of the year. The company's business model focuses on flexible payment solutions and AI-driven cost efficiency, including recent workforce reductions.

Klarna. a European-based fintech platform that offers customers short-term financing online and at retail checkout, has confidentially filed for an initial public offering with the Securities and Exchange Commission. The number of shares to be offered and the price range for the proposed offering haven’t yet been determined. The Swedish financial services provider, valued at $6.7 billion in 2022, wants to raise capital in its largest market, which it wants to expand further.

Business Insider: Buy-now, pay-later giant Klarna files for IPO in the US

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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