Klarna is aiming to IPO in the US as soon as September, according to reports, after the market turbulence triggered by Donald Trump’s tariff regime derailed previous plans.
The Swedish buy now pay later (BNPL) fintech is currently preparing to revive its plan to go public on the New York Stock Exchange, according to people familiar with the matter cited by Bloomberg.
The deliberations — which are ongoing and subject to change — follow Klarna’s previous bid to go public earlier this year. The Swedish fintech filed for its IPO in March and was seeking to raise at least $1bn at a valuation of more than $15bn, people familiar with the matter said at the time.
Founded in 2005 by Sebastian Siemiatkowski, Klarna made its name by mainstreaming its flagship BNPL product, which allows shoppers to delay or split payments.
In recent months, however, the company has made efforts to expand beyond BNPL by pushing into banking services such as debit cards and cashback. Yesterday, Klarna also obtained authorisation to operate as an Electronic Money Institution (EMI) in the UK, enabling the fintech’s customers to hold and manage money in a Klarna account.
Klarna’s positioning aligns the company with consumer neobanks such as US-based Chime, which raised close to $1bn in its IPO last month.
A Klarna spokesperson declined to comment.
