Klarna's competitor is rushing to the stock market

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Klarna's competitor is rushing to the stock market
Photo: Richard Drew/APTT

Klarna's competitor, American Affirm, is rushing in pre-trade on the New York Stock Exchange after Thursday evening's report. Things have been even harder for Klarna.

Klarna and Affirm are competitors in what is usually called the “buy now, pay later” market. For both companies’ respective shares, Affirm is currently in the clear.

Yesterday's quarterly report caused the company to surge 10 percent in pre-market trading after raising its forecast for 2026 in connection with the report. The stock is up just over 5 percent since the turn of the year.

Klarna's shares have been hit even harder since their IPO last fall. The subscription price was set at $40 and the shares are now trading for just over $34, a decline of just over 20 percent.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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