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Can Klarna finally silence the Buy Now, Pay Later doubters?

  • Klarna, co-founded in 2005 by Siemiatkowski, Adalberth, and Jacobsson, is preparing for its New York stock market debut.
  • Klarna aimed to disrupt traditional banking with a user-friendly online payment experience, popularizing 'buy now, pay later'.
  • Klarna offers various payment methods, including immediate payment, end-of-month deferral, and monthly installments for clothing and takeout.
  • Klarna's valuation plummeted 85% in 2022 after a $46 billion valuation, and CEO Siemiatkowski called 2022 layoffs his toughest challenge.
  • Siemiatkowski believes Klarna can reach Google's size, despite competition and market volatility as the IPO approaches.
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CNBC broke the news in United States on Monday, March 31, 2025.
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