Swedish Fintech Klarna Nears IPO, Profitability Poses Valuation Challenge for Buy Now, Pay Later Industry

Swedish fintech company Klarna is moving closer to an initial public offering (IPO), with multiple news outlets reporting on the potential listing. The company's profitability is posing a valuation challenge for the IPO. Racing to attract Klarna as a client, companies must also consider the need for better regulation of the Buy Now, Pay Later industry.