Klarna, the leading Swedish embedded finance company that provides BNPL, has filed for its U.S. IPO at a challenging time for public offerings. Yet, undeterred, Klarna is touting its profitability in 2024, with $2.8 billion in revenue and $3.2 billion in cash reserves, to push back against the timing of its offering. The company, which specializes in buy-now-pay-later services, also boasts its AI-driven credit underwriting capabilities and strong consumer base of 93 million users. 

Fintech Klarna Files for IPO at a Weak Point for Public Debuts