Klarna Reportedly Plans US IPO Revival for September

Swedish fintech company Klarna is preparing to revive its U.S. initial public offering (IPO) plans, potentially as early as September 2025, after previously pausing due to market volatility triggered by President Donald Trump's tariff announcements. Originally aiming for a valuation exceeding $15 billion, Klarna has expanded beyond its buy now, pay later (BNPL) roots into broader digital banking services, including debit cards, cashback, and savings accounts, positioning itself as a neobank. The company recently obtained authorization to operate as an Electronic Money Institution in the UK, enabling it to offer more comprehensive financial products to its 11 million UK customers. Klarna's renewed IPO ambitions follow a positive market environment for fintech firms, evidenced by successful IPOs like U.S.-based Chime, and reflect internal growth marked by a 24% revenue increase in 2024, supported by partnerships with major retailers such as Walmart and DoorDash. Despite recent challenges, including a net loss and rising credit losses in early 2025, Klarna is leveraging innovations like artificial intelligence and plans for cryptocurrency integration to enhance its appeal to investors. The company continues to monitor market conditions closely and aims to proceed with its public listing when timing is favorable.