Klarna

SoftBank Group, Silver Lake among big losers after Klarna’s valuation plunge

The buy-now-pay-later giant raised $800m at a $6.7bn valuation, way down on previous estimates

5 min read

Klarna valuation to be chopped to $6.5bn in fresh fundraise

Latest valuation comes in even lower than previous expectations

1 min read

Fintech looks to cash in on demand to pay in instalments

Revolut enters buy-now-pay-later fray with offering to rival Klarna

Pay Later product launches in Ireland with European rollout planned

3 min read

Klarna seeks fresh funds to keep up with regulatory capital requirements

As one of the biggest players in the fintech scene, Klarna's ability to raise new money from investors is being closely watched

4 min read

Klarna cuts fundraising targets as it mulls lower valuation

The latest leg down in Klarna's expected valuation shows how the rout in tech shares has spread into the world of startups and pre-IPO companies

3 min read

Sebastian Siemiatkowski, chief executive and co-founder of Klarna, earlier announced plans to cut 10% of his workforce

Klarna CEO draws criticism for posting emails of almost 600 ‘Klarnauts’ who lost jobs

‘Make the list available to recruiters that ask for it, and not to the whole internet’

1 min read

Klarna’s chief executive and co-founder, Sebastian Siemiatkowski, explains upcoming staff cuts: ‘When we set our goals for 2022 in the autumn, it was a very different world than the one we have today’

Klarna to cut 10% of workers as war and inflation dent economy

Buy-now-pay-later company blames inflation, war in Ukraine and other factors for redundancies

2 min read

SoftBank-backed fintech giant Klarna looks for new funds at lower valuation

Buy-now-pay-later startup, valued last year at $46bn, could see its valuation fall by one-third in a tough environment for tech companies

4 min read

Tie-up comes as regulators focus on how BNPL sector is supervised

Fintech heavyweights Stripe and Klarna enter strategic partnership

Klarna credit options to be offered to retailers using Stripe checkout platform

2 min read

Pay-later credit providers such as Klarna, Clearpay and Afterpay have so far operated without oversight from the UK’s Financial Conduct Authority when offering short-term interest free credit

Treasury pushes for risk disclosure, tighter credit checks in buy now, pay later market

Firms like Klarna, Clearpay and Afterpay should take more responsibility for overseeing consumer risk

4 min read

The Treasury's crackdown on buy now, pay later companies like Klarna is set to transform the market

Treasury lines up tougher checks as buy now pay later crackdown imminent

The UK’s consultation on pay-later credit market could come as soon as next week

Fintech dominated European venture capital funding in the first half of 2021, with large unicorns including Klarna and Rapyd taking the lion's share of raises

Fintech frenzy to stall as talent war and Europe’s IPO slowdown hurts startups

Rising interest rates, growing costs and increased M&A activity are set to challenge the fintech landscape

Sebastian Siemiatkowski said Klarna has given stock to all 4,000 of its employees

Market volatility makes me ‘nervous’ to take Klarna public, says CEO

Sebastian Siemiatkowski says he has no immediate plans for an IPO

Monzo will launch the Flex product to UK customers on 16 September, competing with Klarna for the buy now, pay later credit market

Monzo launches buy now, pay later product in Klarna rivalry

Digital bank to report data to credit agencies, with £3,000 limit on purchases

Klarna has said it plans to donate 1% of the financing from its most recent round to sustainability causes

Klarna valued at $31bn after Swedish fintech raises $1bn from funding round

The round makes Klarna the second most valuable fintech company worldwide, the Swedish firm said

2 min read

Starling Bank CEO Anne Boden still has her sights on an IPO and has recently reiterated that the fintech company is not up for sale

Starling chief exec won’t budge on IPO pledge

Boden says JPMorgan's offer is not the first time a US bank has expressed an interest in acquiring Starling

4 min read