Reported 7 days ago
Klarna Group Plc faced a dramatic year marked by boardroom upheavals, job cuts due to AI integration, and its preparation for a highly anticipated initial public offering (IPO) in the U.S. Coming out of conflicts among its co-founders and governance challenges, CEO Sebastian Siemiatkowski is seeking to convince new investors while positioning Klarna to compete in the payments sector. With a potential $20 billion valuation at its IPO, Klarna has significantly expanded its revenue and merchant partnerships, setting the stage for a major public listing expected in 2025.
Source: YAHOO