Klarna is a leading global payments and shopping service, providing smarter and more flexible shopping experiences. Through its app, Klarna offers direct payments, pay after delivery options, and installment plans in a one-click purchase experience that lets consumers pay when and how they prefer to.
Founded: 2005
| Sebastian Siemiatkowski CEO |
| Knut Frangsmyr Deputy CEO and COO |
| David Fock Chief Product Officer |
| Koen Koppen CTO |
| Camilla Giesecke CFO |
| David Sandstrom CMO |
With an assertive push into banking, the buy now, pay later pioneer has expanded consumer lending – along with growth in its loss provisions.
Klarna announced its card reached 5 million active customers globally on March 19. Bloomberg reported the same day that four senior executives have left since January, as the stock trades 66% below its IPO price.
The company is targeting more long-term loan and debit card customers as an avenue for growth as it sees its second consecutive quarterly loss.
Klarna Group Plc is considering reviving its potential New York initial public offering as soon as September, people familiar with the matter said, following a recent surge in fintech stock prices and strong debuts of recent US listings.