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Klarno IPO becomes highly anticipated

Klarna the Swedish fintech company that might be doing an IPO this year is currently on the radar of many eager investors. Klarna partners with more than 25,000 retail stores across 17 countries. Some of Klarna’s most notable partners include Samsung, AliExpress, Shopify, H&M and Ikea. Worth an estimated $46 billion it is expected to be one of the most exciting IPO’s of the year.

The company specializes in the buy now pay later model. The BNPL model is very profitable, with Klarna making $1 billion in 2020. The flexible financing solution is going to get even bigger in the following years. Germany is the biggest market for Klarna, followed by Sweden, the US, the UK, and the Netherlands. Mid 2022, the company will enter several additional markets including Belgium, France, and Australia. 

Klarna allows customers to shop in specific retailers and split purchases into multiple installments. When shopping in stores, you can split your purchases in the following ways:

• Pay in four interest-free payments every two weeks
• Pay within 30-days, also interest-free.
• Or use the flexible option that allows you to pay anywhere between six and thirty-six payments, also interest-free.

Fintech stocks are proving to be successful in this economy. Klarna have already gone through multiple rounds of funding, one with $650 million and another round of $1.1 billion bringing the total valuation of the company to $46 billion.

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