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...The company has launched other lawsuits, including against Apple and Netflix and one against payments company Klarna, which it accused of unfairly withholding €400,000 owed in exchange for Escobar-branded...
...The first was specific to Klarna, which was redomiciling to the UK ahead of a potential public listing....
...Other companies in new industries such as battery maker Northvolt and buy now, pay later company Klarna have signed collective agreements in recent years....
...They have pressed other tech companies such as Northvolt, Klarna and Spotify to sign collective agreements....
...Payment companies Klarna and Stripe are among the very few to take this step. With Instacart, Wall Street is about to be treated to a down-round IPO....
...Apple debuted its long-anticipated buy now, pay later programme in the US on Tuesday, as the $2.5tn tech giant expands further into finance in a challenge to incumbents including Klarna and Affirm....
...Klarna’s UK head Alex Marsh has left the Swedish “buy now, pay later” fintech. Davis Polk has poached M&A partner Thomas Malone and finance partner David Penna from Latham & Watkins....
...Klarna, which pioneered the “buy now, pay later” model, has also seen its valuation slide....
...“Suddenly people don’t want you to lean into the future but they want you to show profitability,” said Klarna’s CEO Sebastian Siemiatkowski at a tech conference on Wednesday....
...Some investors fear Klarna’s $46bn valuation will be slashed as it looks to raise more financing....
...Swedish payments company Klarna had to accept an 85 per cent drop in its valuation in order to raise capital. Figma is not an indication of a healthy private market, it is the exception....
...While Adobe Analytics predicts that the return to the office will mean that the laptop will be the preferred device for online shopping, companies such as Klarna have shown an effort to push app-based shopping...
...Klarna slashed its price tag from $46bn to under $7bn in a private funding round earlier this month, and the Wall Street Journal reported this week that Stripe had cut its internal valuation by more than...
...Fintech fascination Klarna Kuts Swedish “buy now, pay later” provider Klarna cut 10 per cent of its workforce last week, and its CEO Sebastian Siemiatkowski told the FT that the company would deemphasise...
...Some providers, including Klarna, have even done away with late payments or interest charges....
...BNPL start-ups such as Klarna, Afterpay and Affirm reached dizzying heights by challenging traditional credit card incumbents....
...However, few big tech groups beyond specialist fintech companies such Klarna and Affirm have extended loans to consumers for general purchases, as Apple is planning....
...In Klarna’s home market of Sweden, offering BNPL ahead of other options has been illegal since 2020....
...Buy now, profits laterLosses at Swedish “buy now, pay later” group Klarna soared last year, as its rapid growth into new markets drove up credit defaults....
...In fintech, Klarna’s chief executive Sebastian Siemiatkowski told the FT he is not convinced the buy-now-pay-later company is facing a “down round” of financing....
...In December, Chopra’s agency asked five BNPL companies — Afterpay, Affirm, Klarna, PayPal and Zip — to provide information on transaction trends, fees, underwriting policies and credit reporting....
...Sebastian Siemiatkowski, boss of the leading BNPL pure-play Klarna, was putting on a brave face: “It is a great win for consumers worldwide that Apple is now embracing a better form of consumer credit,”...
...Here are some highlights: Buy Now Pay Later: Apple is going to challenge the likes of Klarna and Affirm with Apple Pay Later....
...Private equity firm Permira has appointed Klarna’s former technology chief Koen Köppen as a senior adviser to its global technology team....
...A spokesperson for Klarna also said “proportionate regulation” was a good thing for the industry....
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