Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the…
Klarna (KLAR) stock finished its first trading session on Wednesday up 16% from its IPO price, finishing the day at $46.40 roughly four hours after its market debut on Wednesday and giving the company a market value of around $17.5 billion. The Swedish buy now, pay later leader opened for trading around 1 p.m. ET…
Klarna (KLAR) stock finished its first trading session on Wednesday up 16% from its IPO price, finishing the day at $46.40 roughly four hours after its market debut on Wednesday and giving the company a market value of around $17.5 billion. The Swedish buy now, pay later leader opened for trading around 1 p.m. ET…
Shares of AI lending platform Upstart (NASDAQ:UPST) fell 11.3% in the afternoon session after the successful stock market debut of “buy now, pay later” company Klarna (KLAR) created pressure on fintech peers. Klarna, a major competitor in the online lending space, began trading with its stock opening at $52, significantly above its initial public offering…
Swedish fintech firm Klarna just made its highly anticipated debut on the New York Stock Exchange, raising $1.37 billion and locking in a $15 billion valuation. But finance and legal experts are becoming wary of the growing risks associated with the ballooning buy-now, pay later (BNPL) industry. Klarna, known for its short-term, interest-free financing solutions…
By Hannah Lang (Reuters) -The long-awaited New York listing of Stockholm-based buy now, pay later (BNPL) giant Klarna on Wednesday has once again shone a spotlight on the installment plans which have ballooned in popularity among U.S. shoppers in recent years. BNPL exploded as the COVID-19 pandemic forced more shoppers online, driving $82.4 billion in…
U.S. consumers who make purchases through Klarna can later list eligible items on fashion resale marketplace Poshmark with a few taps. When they tap on past purchases in the Klarna app, listings on Poshmark will be automatically prefilled with product details and images, enabling consumers to list the items in seconds and earn cash for…
The company on Wednesday (June 18) announced plans to launch an “unlimited” phone plan in the U.S. in the weeks ahead before bringing it to the U.K., Germany and other countries. “Klarna has saved consumers time and money, and reduced financial worry for over 20 years,” Sebastian Siemiatkowski, CEO and co-founder of Klarna, said in a news release….