Klarna

• Swedish payments group Klarna has confidentially filed for a US IPO.
• The company reported a first-half adjusted profit of $61.74 million, driven by job cuts and AI implementation.
• Klarna, founded in 2005, offers payment options t...

• Klarna's board has decided to remove Mikael Walther, a key ally of co-founder Victor Jacobsson, highlighting a governance rift.
• This move is part of a power struggle between Jacobsson and CEO Sebastian Siemiatkowski.
• The ousting ...

• Klarna's CEO, Sebastian Siemiatkowski, aims to reduce the workforce to 2,000 employees using AI.
• The company has already cut its headcount from 5,000 to 3,800 and plans further reductions.
• Klarna's AI chatbot, developed with OpenAI...

Klarna's credit card has the potential to find a stronger appeal among Millennials and Gen Z, who happen to constitute the largest segments within Klarna's US customer base.