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Core Asset Wealth Management review the Klarna IPO

By: PRLog

Fintech company, Klarna, has announced IPO intentions and intends to go public in the near future with a current valuation of over $40 billion.

SEOUL, South Korea - Aug. 24, 2022 - PRLog -- Who are Klarna?

Three Swedish business partners founded Klarna in 2005 with a vision to simplify online payments for consumers and retailers. The growing trend and necessity they are offering customers is 'buy now, pay later' (BNPL) purchase options.

BNPL is currently a US$5.10 billion industry expecting a compound annual growth rate (CAGR) of 26.0% from 2022 to 203. Klarna have captured a leading share.

The company operates in 45 countries. The company has a successful track record in Europe and recently started to make its mark in the U.S. Already, 20 million customers use Klarna's services in the U.S. And the company has plans for growth.

How much is Klarna worth?

In June 2021, Klarna announced it had raised an additional $639 million in a funding round, giving the fintech a post-money valuation of $45.6 billion. Making it the 4th most valuable privately owned start in the world.

Who owns Klarna?

Co-founder and CEO Sebastian Siemiatkowski owns nearly 8% of Klarna; this stake is now worth $2.2 billion according to recent valuations. Victor Jacobsson, another co-founder, has a roughly 10% stake, which is worth $2.7 billion. The third co-founder, Niklas Adalberth, owns 0.4% of Klarna. Klarna is also backed by investors such as Sequoia Capital, Silver Lake, Bestseller Group, Dragoneer, Permira, Visa, Ant Group and Atomico.

Our Thought's

"With the progress that Klarna is making in the market we are very excited about the opportunities that the company will provide in terms of investing. Investors should not think twice about investing in this project. With consistent revenues and expected growth in the BNPL market, the Klarna IPO is one of the hottest projects to get into," said David Goldstein, Head of Venture Capital at Core Asset Wealth Management, Seoul, South Korea

For more information visit us at www.acg-wealth.com

About Core Asset Wealth Management

Core Asset Wealth Management are a group of investment advisors that formed in 2012 to serve institutional and private clients globally. If you have worked hard and saved throughout your life, we can help you retire comfortably and confidently through tailored money management, industry-leading client service, illuminating insights and a fee structure aligned with your success.

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