Tag: Sebastian Siemiatkowski
-
Klarna CEO Sees No Further Rounds Of Layoffs Despite Tripled Net Loss!
•
The payment service provider Klarna is suffering from consumer restraint. Nevertheless, Klarna CEO Sebastian Siemiatkowski is optimistic. Growth in the U.S. and the U.K. gave the “Buy-Now-Pay-Later” pioneer Klarna an increase in revenue in the first nine months of the year. Revenues and payment volumes rose 22% year-on-year, the Swedish…
-
Amid FinTech Downturn Klarna Seeks Fresh Money At Imploded $6.5 Billion Valuation!
•
The Swedish fintech Klarna was just Europe’s most valuable startup, with a valuation of $46 billion. Now CEO Sebastian Siemiatkowski is hoping for fresh capital for a valuation of just $6.5 billion. Not long ago, the “buy-now-pay-later” pioneer received money at a valuation of $46 billion.
-
Klarna CEO Welcomes Apple’s Entry Into Buy-Now-Pay- Later!
•
Klarna CEO Sebastian Siemiatkowski called the entry of Apple into the Buy-Now-Pay-Later space is an “amazing” development that underlines the value of the business model. He added that the business model itself is “extremely recession-proof” because it relies on smaller balances for consumers and has an underwriting structure that is…
-
Breaking FinTech News: Klarna Lays Off Almost 10% Of Its Workforce!
•
In 2021, the Swedish fintech Klarna was valued at around $46 billion making it the highest valued European FinTech. The company employs almost 7,000 people and announced to lay off 700 of them. Sebastian Siemiatkowski, Klarna’s CEO and co-founder, made the announcement to his employees in a pre-recorded video message…