One of the leaders in buy now, pay later has their sights set on something new: Wall Street.

‍What’s happening:‍

  • Lending company Klarna has officially filed a Form F-1 with the United States Securities and Exchange Commission for an IPO onto the New York Stock Exchange

By the numbers:‍

  • Klarna’s IPO will be led by Goldman Sachs, J.P. Morgan and Morgan Stanley and is aiming to raise $1B USD
  • Klarna is currently being used by 150M individuals and more than 675,000 merchants globally

Why it matters:‍

  • Klarna is one of the most dominant private companies focused on buy now, pay later lending which has become enormously popular in North America and globally

Going deeper:‍

  • Klarna has previously landed some of the largest venture capital funds in the world as investors, including SoftBank, Sequoia Capital, Atomico and others

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