Klarna's remarkable comeback: how the FinTech giant went from valuation collapse to potential 2024 IPO 📈; Europe is playing catch-up again. This time, in alumni venture funding 💶📊

FinTech is Eating the World, 6 October

Hey Everyone,

Happy Monday! We’re starting the new week strongly as today we’re going to look at Klarna's remarkable comeback (latest numbers, how we got here, and what’s next + a look at how leveraging AI Klarna is building the Google of Shopping), and Europe that’s playing catch-up again (how much is alumni venture funding lagging behind + resources to get you ahead in the game). Let’s jump straight into the thrilling stuff 🌶

Klarna's remarkable comeback: how the FinTech giant went from valuation collapse to potential 2024 IPO 📈

The news 🗞️ Swedish FinTech goliath and Buy Now, Pay Later (BNPL) pioneer Klarna has engineered an impressive financial turnaround over the past year. Hence, it’s not surprising the FinTech unicorn has started to signal that it’s gearing up for a possible IPO in 2024.

Klarna is establishing a UK holding company, a key step in preparation for going public. According to Sky News, the company could aim for a $15 billion to $30 billion valuation and launch its IPO as early as the first half of next year 😳

Let’s take a closer look at Klarna’s latest numbers, how we got here, and what’s next.