Klarna co-founder and CEO Sebastian Siemiatkowski visited with CNBC on a day when one Fintech successfully listed shares, eToro, and another, Chime filed a registration statement with the Securities and Exchange Commission.
Klarna is a Fintech that may be best known for its credit and payments platform, including buy now, pay later (BNPL). Siemiatkowski says that is not exactly accurate, as he says Klarna is really a neobank because of its other services.
“We are basically a neobank,” he said.
As was reported last month, Klarna revealed that its plans to trade shares on the NYSE had been paused due to economic uncertainty.
The Trump administration claims it has many deals in the works, including the big one—China. China is now benefitting from a 90-day tariff pause, and markets have reacted rather positively to the news.
Klarna reports strong momentum across all products, especially the US. It was recently reported that it beat Affirm as the BNPL provider in the race to serve Walmart – a significant win for the Fintech.
It was interesting to note that Siemiatkowski shared that they have been able to reduce employee headcount by 40% due to the incorporation of artificial intelligence within their services.