Klarna

Klarna Freezes Hiring As Company Shifts Focus Towards AI Integration

11 days ago

In a significant shift towards automation and artificial intelligence, Klarna, the leading Swedish fintech firm, announced that it halted all hiring over a year ago. This strategic decision comes as the company grapples with the need to optimize its workforce and improve operational efficiency by gradually replacing human jobs with AI capabilities.

Klarna Moves Closer to Profitability Ahead of Highly Anticipated Public Offering

28 days ago

In the latest developments within the fintech sector, Klarna, the popular buy-now-pay-later service, has reported significant strides toward achieving profitability just as it prepares for a public debut. This news has piqued interest among investors and market watchers, particularly following the tumultuous period the company has faced over the past year.

Klarna Expands Payment Options by Partnering with Google Pay Following Apple Collaboration

1 month ago

Klarna, the prominent buy-now-pay-later (BNPL) service, is making headlines once again as it solidifies its position in the digital payments landscape. After recently initiating a partnership with Apple to enable seamless payments through Apple Pay, Klarna is now excited to announce the addition of Google Pay to its growing roster of major tech partnerships.

Klarna Goes for Gold: Preparing for a US IPO and Seeking Bank Partners

1 month ago

Klarna, the well-known Swedish buy-now-pay-later (BNPL) giant, is taking strategic steps toward its anticipated initial public offering (IPO) in the United States. As the fintech sector continues to evolve, the company is reportedly reaching out to various investment banks to pitch their services for the upcoming listing. This proactive move signals Klarna's ambitions to position itself favorably in the competitive financial landscape ahead of its public debut.

Klarna's Valuation Soars Ahead of IPO as Chrysalis Boosts Investor Confidence

2 months ago

Klarna, the Swedish fintech giant known for its "buy now, pay later" services, has caught the attention of investors once again as the UK-based investment firm Chrysalis has recently raised its valuation of the company. This new appraisal comes at a crucial time for Klarna as it prepares for a potential Initial Public Offering (IPO), signaling increased optimism about the company’s future in the fast-evolving financial technology landscape.

Klarna Boardroom Drama: Shareholders Move to Oust Director Amid Rising Tensions

2 months ago

In a significant turn of events, shareholders of Klarna, the renowned Swedish fintech company, have voted to remove a key director following a tumultuous period marked by escalating tensions within the board. This decisive vote reflects growing dissatisfaction among investors regarding the company’s governance and strategic direction.

Klarna Strikes Major Deal with Elliott, Offloading $30 Billion Portfolio

2 months ago

In a significant shift for the fintech landscape, Swedish payments firm Klarna has announced a landmark agreement with the investment firm Elliott Management Corporation. This move sees Klarna divesting a staggering $30 billion portfolio of loans, which includes a substantial share of its buy now, pay later (BNPL) offerings. This decision is part of Klarna’s broader strategy to streamline its operations and enhance its balance sheet in an increasingly challenging economic environment.