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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Klarna Group Plc is nearing profitability as it prepares for an initial public offering, reporting a pretax loss of just 2 million kronor ($180,000) in the first nine months of the year, a significant improvement from a loss of 1.77 billion kronor in the same period last year. Total revenue increased by 23%, reaching 20.3 billion kronor.
Klarna Group Plc is set to integrate Google Pay into its services, allowing US shoppers to utilize buy-now, pay-later options. Starting next year, customers can split purchases over $35 into four installments or opt for longer-term loans through Klarna, following a recent partnership with Apple Inc.
Klarna Group Plc's tumultuous year has resembled a soap opera, marked by significant boardroom drama. This captivating journey from a small online payment provider to a highly-anticipated IPO has caught the attention of a Swedish production company, which has acquired the rights to adapt it for the big screen.
Klarna Group Plc is soliciting banks for junior roles as it moves forward with its planned initial public offering in the US. The Swedish fintech firm filed for the IPO this week and aims to list in New York in the first half of 2025.
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