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Payments firm Klarna files for IPO, showing 24% revenue jump

Economic Times · 3m

Klarna Group Plc, a digital payments company, has filed for a US IPO, aiming to raise at least $1 billion and targeting a valuation of over $15 billion. The Stockholm-based firm reported a 24% revenue increase last year and reduced its net loss significantly. Klarna, known for its "buy now, pay later" services, has refocused its business strategy, shedding some operations and strengthening partnerships with companies like Google and Apple ahead of the IPO.