Klarna targets September IPO at $14 billion valuation 🤑📈; The world’s first fully AI-powered digital bank 🏦🤖

FinTech is Eating the World, 27 August

Hey Everyone,

Good morning & happy Wednesday! Today’s issue is the best one yet as we’re looking into Klarna, which finally targets September for its long-awaited IPO at $14 billion valuation (the key details, why now it’s the perfect time to go public, bonus deep dive into Klarna’s latest financials, IPO filling + Circle’s first earnings as a public company & a deep dive into Klarna’s biggest competitor Affirm), and the world’s first fully AI-powered digital bank (why Malaysia’s Ryt Bank is interesting, what it means for the broader FinTech & Finance space + bonus reads on FinTech & AI, Agentic AI Playbook for Finance, and more resources inside). So let’s just jump straight into the game-changing stuff 🌶️

Klarna targets September IPO at $14 billion valuation 🤑📈

The BIG News 🗞️ Swedish FinTech giant Klarna is finally preparing to launch its long-awaited initial public offering in September 2025, targeting a valuation between $13 billion and $14 billion, according to people familiar with the matter.

The Buy Now Pay Later (BNPL) pioneer turned AI-powered payments super app plans to price shares between $34 and $36, aiming to raise approximately $1B in the offering. This would make it significantly less valuable than Affirm AFRM 0.00%↑, its fiercest rival in Klarna’s main US market.

Let’s take a closer look at this, understand why it matters, and what’s next for Klarna.