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Klarna competitor Revolut on the verge of obtaining a UK banking license
Business News

Klarna competitor Revolut on the verge of obtaining a UK banking license

The British fintech company Revolut, one of the major competitors of the payment group Klarna, is on the verge of obtaining a UK banking licence, reports the Financial Times.
Red on Wall Street - Klarna stock crashed
Business News

Red on Wall Street - Klarna stock crashed

The New York Stock Exchange fell on Thursday as investors fled asset managers' stocks amid worries about the tense situation between the United States and Iran. Klarna's stock plunged, losing more than a quarter of its value
Price collapse for Klarna after shock report
Business NewsTop News

Price collapse for Klarna after shock report

Revenue and transaction volumes are growing faster than expected for Swedish payments company Klarna. But the stock is down more than 24 percent after an unexpectedly weak forecast, and credit losses pushed net profit into a loss in the fourth quarter
Klarna launches Swish competitor for payments between private individuals
Business News

Klarna launches Swish competitor for payments between private individuals

Payment service Klarna is launching its own Swish variant, taking on the major banks.
Credit card companies fell on the US stock market after President Donald Trump announced a 10 percent interest rate cap on credit card debt
Business News

Credit card companies fell on the US stock market after President Donald Trump announced a 10 percent interest rate cap on credit card debt

Credit card companies and banks tumbled on the New York Stock Exchange on the first trading day of the week. Wall Street's leading index rose marginally
Trump's interest rate cap hits banks, Klarna lifts
Business News

Trump's interest rate cap hits banks, Klarna lifts

Banks that are big in credit cards are being squeezed lower in futures trading ahead of this week's Wall Street trading. Heavyweights like Capital One, JPMorgan Chase and Citigroup are down 4% to 10%, while buy-now-pay-later companies like Klarna and Affirm are up significantly
Record month for Klarna
Business News

Record month for Klarna

Klarna warns of fraud
Business News

Klarna warns of fraud

Payment service Klarna urges its customers to be aware of fraud attempts.
Klarna launches its own cryptocurrency
Business News

Klarna launches its own cryptocurrency

Payment company Klarna is launching its own cryptocurrency: Klarna USD. The aim is to “significantly reduce costs for both consumers and merchants,” the payment company writes in a press release
Klarna crashed on the US stock market
Business News

Klarna crashed on the US stock market

After Tuesday's declines on both Asian and European stock markets, the negative trend on Wall Street continued. Swedish payment company Klarna plummeted after its interim report
Klarna is growing unexpectedly fast – boost in the US is contributing
Business NewsTop News

Klarna is growing unexpectedly fast – boost in the US is contributing

Payments company Klarna is growing like crazy, according to the first quarterly report after its IPO on Wall Street last fall. Both the number of users and revenue exceeded expectations
Pricerunner Sues Google for 77 Billion Kronor in Sweden's Largest Claim
Business NewsTop News

Pricerunner Sues Google for 77 Billion Kronor in Sweden's Largest Claim

Pricerunner is suing Google for 77 billion kronor – it is the highest claim for damages so far in Sweden. Google has for tens of years cheated customers from the price comparison site, but the search giant strongly objects to the lawsuit
New Bank Crisis Impacts Global Stock Markets as US Regional Banks Struggle
Business News

New Bank Crisis Impacts Global Stock Markets as US Regional Banks Struggle

”Bad loans” among regional banks in USA create new global bank chill on the stock market. A major loser is the payment giant Klarna
Klarna CEO Highlights AI's Impact on Labor Market
Business News

Klarna CEO Highlights AI's Impact on Labor Market

Companies and communities are not ready for the changes that AI will entail. The warning comes from Klarna's CEO, Sebastian Siemiatkowski
Wall Street Indices Dip Slightly After Record Highs
Business News

Wall Street Indices Dip Slightly After Record Highs

New York stock exchange's leading index fell back somewhat from yesterday's record levels. Klarna's share surged in the initial trading, but then fell back
Wall Street Rises Despite US Shutdown Threat; Spotify and Klarna Fall
Business News

Wall Street Rises Despite US Shutdown Threat; Spotify and Klarna Fall

USA's government apparatus is threatened by shutdown, but the investors on Wall Street are sitting still in the boat. Two Swedish companies stood out: Spotify and Klarna's shares plummeted
Stockholm Stock Exchange May End Quarterly Reports Following US Lead
Business News

Stockholm Stock Exchange May End Quarterly Reports Following US Lead

Quarterly reports from companies on the stock exchange's main list may soon be a thing of the past. President Donald Trump has assigned authorities in the USA to review the regulatory requirement
Wall Street Ends Week Higher Amid Inflation Data
Business News

Wall Street Ends Week Higher Amid Inflation Data

The stock market in New York ended the week's last trading day on the green track following important inflation figures. Swedish payment giant Klarna fell back 3
Stockholm Stock Exchange Anticipates Surge in Listings
Business News

Stockholm Stock Exchange Anticipates Surge in Listings

A large number of stock exchange listings are expected in Stockholm according to the professionals – in the shadow of the payment giant Klarna's New York listing. We have never had as many companies that are ready to take on the stock exchange, says Adam Kostyál, CEO of the Stockholm Stock Exchange
Klarna CEO: Embracing "Swedishness" as a Key Asset
Business News

Klarna CEO: Embracing "Swedishness" as a Key Asset

Waving with Swedish flags does not mean much to him. But what he calls "Swedishness" is highly valued by payment company Klarna's CEO and co-founder Sebastian Siemiatkowski
Microsoft Gains Amid Mixed US Market
Business News

Microsoft Gains Amid Mixed US Market

Leading indexes on the New York stock exchange went in different directions when the week's trading was closed.
Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner
Business News

Klarna CEO Secures Billion-Kronor Loan to Buy Out Co-Owner

Klarna's CEO and co-founder Sebastian Siemiatkowski has mortgaged Klarna shares to take economic control over the holding company K Friends Partners, with shares in Klarna. The Klarna chief's loan of over one billion kronor was taken out in the Swedish major bank SEB, reports Bloomberg
Warner Bros Discovery Surges on Wall Street Amid Paramount Bid Rumors
Business News

Warner Bros Discovery Surges on Wall Street Amid Paramount Bid Rumors

The leading indexes on Wall Street recorded new records on Thursday. Streaming giant Warner Bros Discovery surged 30 percent after reports of an impending bid from competitor Paramount
Klarna's Stock Market Debut Attracts Swedish Small Investors
Business NewsTop News

Klarna's Stock Market Debut Attracts Swedish Small Investors

Klarna was listed on the New York stock exchange on Wednesday. According to the online banks Avanza and Nordnet, there was a great interest among Swedish small investors for the share on the first trading day
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