TL;DR
- Klarna has announced its decision to integrate cryptocurrency services, responding to the growing demand from its users.
- The Swedish fintech is preparing for its IPO in the United States in April 2025, with an estimated valuation of up to $15 billion.
- Proposals include integrating cryptocurrencies into its Buy Now Pay Later (BNPL) model. This could transform how it processes payments and open new possibilities for expansion.
Klarna, the renowned Swedish fintech, has announced its decision to incorporate cryptocurrency services, responding to the growing demand from its users.
The decision comes just before its much-anticipated initial public offering (IPO) in the United States, scheduled for April 2025, with an estimated valuation of up to $15 billion. This valuation would position Klarna as one of the largest IPOs of the year on the global market.
Ok. I give up. Klarna and me will embrace crypto! More to come
Yes I know! This post will get a huge sigh and 2 views 😂
But it still feels historic. Last large fintech in the world to embrace it. Someone had to be last. And that’s a milestone as well of some sort… 🥳
— Sebastian Siemiatkowski (@klarnaseb) February 8, 2025
Sebastian Siemiatkowski, CEO of Klarna, shared his excitement on social media, humorously acknowledging that his company was the last major fintech to adopt cryptocurrencies. In his comments, he invited users and industry experts to suggest ways the company could engage with crypto. The company has over 85 million users and half a million merchants.
This announcement has generated great expectations within the community. Some have proposed that Klarna consider adding Bitcoin to its balance sheet or even integrating cryptocurrency services into platforms like Cosmos and Solana. These suggestions open new possibilities for the company’s expansion into the digital market and the integration of cryptocurrencies into its daily operations.
Klarna: The Most Successful Startup
One of the most interesting proposals is the application of cryptocurrency transactions within its Buy Now Pay Later (BNPL) model, which could transform how the company processes payments. With a valuation of $14.6 billion in 2023 and a merchandise volume of $96 billion, Klarna could be in a unique position to handle large volumes of digital assets.
Founded in 2005, Klarna became Europe’s most valuable startup in 2021, with a valuation of $46 billion. Its entry into the crypto market could serve as a clear indicator for other traditional financial institutions, showing that there is always room for innovation, even for companies that join the sector at a later stage
