Klarna expanding into banking with new products ahead of potential U.S. IPO

From CNBC: 2024-08-15 08:00:12

The U.K. is considering imposing stricter regulations on buy now, pay later companies like Klarna and Afterpay. Klarna is expanding into banking with new products like Klarna balance and cashback, aiming to disrupt retail banking and encourage loyalty. The fintech giant is gearing up for a potential U.S. IPO.

Read more: Klarna launches bank-like personal account, cashback ahead of IPO