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Buy-now, pay-later giant Klarna files for IPO in the US

Klarna said the date of its IPO is subject to market conditions and an SEC review, and that it has …

Jyoti Mann   


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3 mins read

Klarna only needs half its staff, because AI lets the buy-now-pay-later company 'do much more with less'

In May, the CEO said Klarna had saved millions by "spending less on photographers, image banks, and…

Lian Kit Wee   


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Klarna, the buy-now, pay-later firm, is looking to make a Robinhood-like product for trading stocks, an internal job ad shows

Klarna is recruiting four people to work on a product for customers to buy and sell stocks on its a…

Jyoti Mann   


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Klarna CEO explains why it's important to give younger employees a shot at management and promote from within

Klarna CEO Sebastian Siemiatkowski explained why he chose to give younger employees a shot at manag…

Jaures Yip   


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Klarna CEO faces backlash for saying AI let marketing team 'half the size it was last year' do more work, saving millions

Klarna's CEO seemingly touched a nerve on social media by saying AI meant "spending less on photogr…

Sarah Jackson   


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1 min read

Klarna says its AI assistant is doing the work of 700 people after putting the brakes on hiring

Swedish fintech said its OpenAI-powered assistant was on par with human agents when it came to cust…

Beatrice Nolan   


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Klarna is freezing hiring and turning to AI tools such as ChatGPT to pick up the slack

Klarna CEO Sebastian Siemiatkowski has said the Swedish fintech is no longer hiring new staff beyon…

Beatrice Nolan   


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Fintech giant Stripe cuts internal valuation by 28%: Report

According to a report in The Wall Street Journal citing sources, payments giant Stripe, last valued…

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3 mins read

Rosie Bradbury   


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Apple Pay Later doesn't worry us, says CEO of buy now, pay later unicorn Affirm

Affirm's Max Levchin told Bloomberg TV that Apple was focused on a six-week product, unlike its pay…

Rosie Bradbury   


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Klarna's CEO used a pre-recorded video message to tell employees around 700 of them were being laid off

The Swedish fintech, which is backed by Softbank, has seen its valuation slump from $45.6 billion t…

Rosie Bradbury   


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3 mins read

Why the government is raising an eyebrow at Gen Z's favorite new way to spend: 'Buy now, pay later'

"We've been flooding the market with all this credit and no one's been keeping track of what's been…

Ben Winck   


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PayPal CEO says spending via its buy-now-pay-later service soared 400% on Black Friday, as inflation bites and shoppers feel the pinch

PayPal CEO Dan Schulman told CNBC that its BNPL service, Pay in 4, was the star of the show on Blac…

Mary Hanbury   


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Amazon will let you buy stuff now and pay for it later through a new partnership with Affirm

The companies are testing out their partnership with select customers now, with a wide-scale rollou…

Francis Agustin   


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Buy-now-pay-later startup Klarna is booming so fast that it outgrew its New York office before it had a chance to move in

In an interview with Quartz, Klarna's CEO and co-founder Sebastian Siemiatkowski discussed plans fo…

Mary Hanbury   


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Roku is planning a big advertising push

Insider's top advertising and media stories for April 9.

Lauren Johnson   


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Buy now, pay later loans like Affirm and Klarna will soon count toward your credit score

If you don't make regular payments on Afterpay or PayPal loans, your credit score from firms like T…

Jason Lalljee   


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1 min read

'Buy now, pay later' giant Klarna has tripled its valuation to $31 billion, making it Europe's most valuable private startup

Klarna raised $1 billion at a valuation of $31 billion. The fundraising round included both existin…

Kate Duffy,Reuters   


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Macy's joins Snoop Dogg and H&M as investors in Klarna and launches five-year payments partnership

BlackRock, Silver Lake, and Ant Group make up some of Klarna's other investors. The company's app c…

Grace Dean   


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Swedish 'buy now, pay later' fintech giant Klarna reports sevenfold jump in losses

Swedish fintech Klarna recorded a loss of $60.6 million in the first half of 2020, despite rising i…

Grace Dean