Reported about 21 hours ago
Klarna, a prominent buy now, pay later provider, has filed for an IPO, highlighting its profitability challenges following its U.S. expansion despite significant revenue growth. The company noted that while it thrived in Sweden with an 82% usage among adults, its U.S. market penetration remains at 10%. Klarna generates revenue from various streams, including transaction fees from merchants, late payment fees, and consumer subscriptions. As it prepares for its public listing, Klarna aims to enhance its retail banking and advertising sectors to drive further growth.
Source: YAHOO