BNPL is expanding fast, and that should worry everyone
As Morris watches his BNPL investments from the other side of the table, he seems to understand the warning signs better than most.
Klarna’s IPO pops, raising $1.4B, with Sequoia as the biggest winner
Of the 34.3 million shares Klarna sold, only 5 million were sold by the company, it said. The rest were sold by existing investors.
Klarna revives IPO plans, aims to raise $1.27B
Swedish buy now, pay later (BNPL) startup Klarna and its shareholders are reviving its initial public offering, hoping to raise as much as $1.27 billion in a listing that would value the company at up to $14 billion.
Klarna might reschedule its IPO for September
Details are slim, though, regarding when Klarna will schedule its debut; no final decisions have been made.
Fintech Bolt progresses its turnaround by landing Klarna as a partner
Adding two big names as partners, Klarna and Palantir, is the kind of step that could help clean up Bolt’s reputation as it seeks to raise again.
Klarna CEO says company will use humans to offer VIP customer service
CEO Sebastian Siemiatkowski told the crowd at London SXSW that his company plans to balance employees and AI workers.
Week in Review: Notorious hacking group tied to the Spanish government
Welcome back to Week in Review! Tons of news from this week for you, including a hacking group that’s linked to the Spanish government; CEOs using AI avatars to deliver company earnings; Pocket shutting down — or is it?; and much more. Let’…
After Klarna, Zoom’s CEO also uses an AI avatar on quarterly call
After Klarna CEO, Zoom’s CEO opts to use AI avatar for initial comments during the earnings call
Klarna used an AI avatar of its CEO to deliver earnings, it said
Other than AI Siemiatkowski admission, it wasn’t obvious that this was AI. There were only a few subtle signs.
Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push
Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contrac…