Klarna boss: AI will lead to recession and mass job losses June 7, 2025 The introduction of AI at firms could lead to a recession due to mass job losses of professionals, Klarna’s chief executive has warned. The use of AI to make work more efficient has been encouraged by leading figures, including the government itself which said it could save civil servants two weeks a year. But fintech [...]
Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
Klarna and Zilch shrug off buy now, pay later crackdown with card launch June 3, 2025 Klarna and Zilch have shrugged off a government crackdown on by buy now pay later payments after launching landmark partnerships with payments giant Visa to introduce physical cards. Commerce network Klarna has begun piloting “Klarna Card” which aims to offer consumers greater spending flexibility without the pitfalls of traditional credit cards. The card will use [...]
What will stricter buy now pay later regulations mean for Klarna? May 20, 2025 The government is clamping down on the “wild west” of buy now, pay later (BNPL) but this could spark trouble for industry veterans in a competitive sector. The Treasury is set to bring BNPL providers under the supervision of the Financial Conduct Authority, meaning they will have to adhere to the stricter frameworks of the [...]
Klarna, Zilch, Clearpay: What does the buy now pay later crackdown mean for UK fintech? May 20, 2025 The Treasury’s regulatory shakeup of buy now pay later services is set to reshape the UK fintech landscape and industry leaders have been left with questions. The UK government will enact legislation that brings buy now pay later firms under the scrutiny of the Financial Conduct Authority. This means firms such as Klarna and Clearpay [...]
Government to clamp down on ‘buy now pay later’ services such as Klarna and Clearpay May 19, 2025 Fintechs including Klarna and Clearpay providing ‘buy now pay later’ services will face fresh regulation by the Financial Conduct Authority (FCA) after years of wrangling and delays. New rules will require financial services providers to conduct affordability checks as part of efforts to make banking standards more consistent. Borrowers will also be able to make [...]
Global IPO plans grind to a halt amid tariff uncertainty April 7, 2025 IPOs in the UK and US have been put on hold as markets panic amid uncertainty over the roll-out of US president Donald Trump’s sweeping tariffs. Last week, Buy Now Pay Later company Klarna paused its IPO thanks to the tariffs, after planning to launch on the New York Stock Exchange later this month. Klarna’s [...]
Monzo, Starling, Zilch: The fintech IPOs that could boost London March 30, 2025 London markets have suffered a torrid couple of years, but could fintech help turn the tide? Swedish fintech Klarna marked the latest snub to the City after it announced it was pursuing a US-listing despite hopes the firm would float in London. This followed 88 companies leaving the London Stock Exchange (LSE) last year, including [...]
Klarna set for US IPO in snub to London markets March 6, 2025 Swedish fintech Klarna is looking to raise a minimum of $1bn (£777m) in a US initial public offering (IPO), sources told Bloomberg. Klarna’s US filing, which could come as soon as next week, will see the firm target a valuation of more than $15bn in the New York Stock Exchange, according to people familiar with [...]
Chrysalis stock jumps on Klarna and Starling upgrades January 30, 2025 Chrysalis stock has jumped by more than six per cent this morning after its private equity holdings, including Klarna and Starling Bank, saw significant upgrades to their valuations. The private equity trust’s underlying assets rose 11 per cent to 156p per share in the last quarter of 2024, it said in a trading update today. [...]