Klarna Bank AB provides e-commerce payment systems and solutions. The Company offers credit to shoppers and allows them to pay after they receive the goods. Klarna conducts business worldwide.
This valuation would be over an 80% discount to its previous $45 Billion valuation. It’s tough times in the Buy Now Pay Later space folks.
The Wall Street Journal: Klarna in Talks to Raise Fresh Cash at Slashed $6.5 Billion Valuation
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.
