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After securing a Swedish banking license and announcing its plans to expand into new countries in 2019, Klarna's CEO now sees a quicker path to potential public listing for the ecommerce lender who was valued at more than $2bn in its last funding round.
Klarna has 2,500 employees and is one of Europe’s so-called tech unicorns – a start-up with a valuation of more than $1 billion. Last month it said it planned a larger external fundraising round later this year. Having just closed its latest funding round of 1 billion crowns to support expansion, the company plans to expand from 14 markets currently – Germany and Sweden are its biggest – though not to China. “People refer to the U.S market as extremely competitive but in my world it cannot compare to the Chinese one. There is much more to do in markets that are not as competitive,” Siemiatkowski said.
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