It’s been a long road for the 20-year-old fintech Klarna to make it to an IPO. But on Wednesday, the company successfully landed on the New York Stock Exchange, having raised $1.4 billion, largely for its existing investors, rather than itself. The fintech giant sold shares at $40, above its announced range of $35 to […]
Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner Read More »
Swedish buy-now, pay-later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion. The company and some of its shareholders are together selling approximately 34.3 million shares between $35 and $37 each,
Klarna revives IPO plans, aims to raise $1.27B Read More »
Klarna might look to IPO as early as September, sources told Bloomberg. The news comes as fintech stock prices surge and the US IPO market strengthens. Klarna filed for IPO back in March but paused such plans only a month later after President Trump’s tariff announcements rattled the market. At the time, Klarna was looking
Klarna might reschedule its IPO for September Read More »
Klarna and Bolt announced a partnership Monday, which will see Klarna’s payment options integrated into Bolt’s checkout operating system. This deal means Klarna will show up as a buy now, pay later choice on Bolt devices. Merchants using Bolt can offer Klarna’s Pay in 4 or monthly financing options to shoppers in physical stores, and
Fintech Bolt progresses its turnaround by landing Klarna as a partner Read More »
“My wife taught me something,” Klarna CEO Sebastian Siemiatkowski told the crowd at London SXSW. He was addressing the headlines about the company looking to hire human workers after previously saying Klarna used artificial intelligence to do work that would equate to 700 workers. “Two things can be true at the same time,” he said.
Klarna CEO says company will use humans to offer VIP customer service Read More »
Welcome back to Week in Review! Tons of news from this week for you, including a hacking group that’s linked to the Spanish government; CEOs using AI avatars to deliver company earnings; Pocket shutting down — or is it?; and much more. Let’s get to it! More than 10 years in the making: Kaspersky first
Week in Review: Notorious hacking group tied to the Spanish government Read More »
CEOs are now so immersed in AI, they’re sending their avatars to address quarterly earnings calls instead of themselves, at least partially. After the Klarna CEO’s AI avatar appeared on an investor call earlier this week, Zoom CEO Eric Yuan followed suit, also using his avatar for initial comments. Yuan deployed his custom avatar via
After Klarna, Zoom’s CEO also uses an AI avatar on quarterly call Read More »
Sebastian Siemiatkowski is leaning all the way into the idea that his buy-now-pay-later, IPO-bound startup Klarna is an AI company. When Klarna delivered updated quarterly earnings on Monday, it was his AI avatar (pictured above) that presented the highlights, according to the company’s YouTube video. Other than AI Siemiatkowski’s admission, it wasn’t obvious that this
Klarna used an AI avatar of its CEO to deliver earnings, it said Read More »
Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the
Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push Read More »
Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contract with Salesforce CRM, but also curtailed its hiring efforts, allowing AI to do some of the
Klarna’s revenue per employee soars to nearly $1M thanks to AI efficiency push Read More »
