Klarna CEO Sebastian Siemiatkowski has identified the United States as the company’s fastest-growing market, following its September 2025 IPO. The Swedish buy-now-pay-later firm went public at $40 per share, raising $1.37 billion, and now serves over 120 million consumers.
In Q3 2025, Klarna’s US Gross Merchandise Volume rose 43% year-over-year, with revenue surging 51%. The company leads in “Pay in 4” volume, a core BNPL product.
The Klarna Card, launched in July 2025, reached 5 million active customers globally by March 2026. In November 2025, Klarna introduced KlarnaUSD, a stablecoin on the Tempo blockchain.
Klarna’s IPO valuation of over $17 billion signals market confidence in its path to profitability. This growth pressures competitors Affirm and Afterpay, and challenges traditional card issuers like Visa, Mastercard, and JPMorgan Chase.