Swedish regulator issues Klarna with administrative fine of around $46m
Sweden’s Financial Supervisory Authority says the fine is for “violating the anti-money laundering regulations”.
Sweden’s Financial Supervisory Authority says the fine is for “violating the anti-money laundering regulations”.
FinTech Futures takes a look back at five of the top payments stories from November.
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Klarna has not yet disclosed the number of shares or expected price range of the offering.
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Klarna says it will still own “all consumer-facing activities, including underwriting and servicing”.
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Laybuy entered into a receivership back in June.
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The deal is reportedly valued at around $515 million.
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The US is set to be Klarna Card’s fourth market of entry, following earlier launches in Sweden, Germany and the UK.
FinTech Futures takes a look back at the key industry developments and trends to emerge over 2023.
A newly formed entity, Klarna Financial Services UK, will now provide all consumer-facing services in the country.
The agreement will directly connect Klarna to STEP2 and the gross settlement payment system RT1.
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Klarna describes the UK holding company as “an important early step on a journey towards an eventual IPO”.
15 fintechs including Wise, Monzo, Revolut and Klarna have penned an open letter to UK chancellor Jeremy Hunt.
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Here’s our pick of five of the top news stories from the world of finance and tech this week.
Zip expects “significant” amounts of cash to roll in due to these exits, with positive cashflow expected by 2024.
Despite the loss, the firm says it is edging towards profitability thanks to growth in its gross merchandise volume.
Late-paying users will be hit with a £5 fee from 16 March, City AM reports.
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Explore thousands of open roles on the Fintech Futures Job Board today.
FinTech Futures takes a look back at a bruising year of job cuts in fintech.
Explore thousands of open roles on the Fintech Futures Job Board today.
With the initiative, Klarna hopes to accelerate innovation in the development of open banking use cases.
The BNPL giant is planning more cuts after laying off approximately 700 staff back in May.
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The firm says it “has not been immune to the significant downdrafts of fintech stock in public markets”.
As well as the layoffs the wealthtech will be “laser-focused” on core businesses investing, banking and crypto.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
Exciting open vacancies at Experian, Klarna and Hazy. Apply today!
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Exciting open vacancies at Monzo, Klarna and Railsbank. Apply today!
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Exciting open vacancies at Klarna, Xero and Revolut. Apply today!
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