[Update as of April 7, 2025] Klarna has halted its planned IPO, the Wall Street Journal has reported, as financial markets continue to deal with the disruptive impact of new tariffs. The buy now, pay later company had been aiming for a valuation of $15 billion and seemed to be on the path toward staging an IPO this month. Financial market concerns extend beyond retail and related industries; ticketing marketplace StubHub also has delayed its planned IPO, according to the WSJ.
Original story from March 17, 2025 begins –
Klarna has made another move toward a U.S. initial public offering by making public its previously confidential F-1 filing with the Securities and Exchange Commission (SEC). However, the buy now, pay later (BNPL) company still has not revealed how many shares it plans to sell, their price range or when the IPO will take place.
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in net profit. The Sweden-based company, which has operated in the U.S. since 2015, handled $105 billion in gross merchandise value (GMV) and has 93 million active customers and 675,000 merchants using its services.
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Walmart Makes Klarna Exclusive BNPL Provider
Additionally, Klarna will partner with OnePay to exclusively offer installment loans at U.S. Walmart stores. OnePay is backed by Walmart and Ribbit Capital and already is integrated with Walmart’s physical and digital channels, offering financial services to its millions of customers and 1.6 million U.S. associates.
Once Walmart customers have been approved for loans, they can use them to shop for items including electronics, home and garden and automotive, choosing repayment terms from three to 36 months, with the ability to manage their loan experience within the OnePay app.
“OnePay choosing Klarna as their exclusive installment loans partner at Walmart in the U.S. is a huge vote of confidence as we pursue our goal of being available everywhere for everything,” Sebastian Siemiatkowski, Co-founder and CEO of Klarna in a statement. “We look forward to helping redefine checkout at the world’s largest retailer — both online and in stores.”
Klarna has been expanding beyond its BNPL roots for several years. In April 2023 the company debuted a portfolio of social media-style functionalities on its platform, including a personalized shopping feed and smart shopping features, along with new tools designed to help retailers and content creators engage more effectively with their audiences.
In February 2024 Klarna expanded its “Sign in with Klarna” offering with the introduction of a login that gave consumers greater control over which data points they shared with the merchant, such as purchase histories that could enable more personalized product recommendations.
