Our CEO Arad Levertov was asked to comment on the Klarna IPO filing in a piece by Joey Pizzolato for American Banker: "Fintech in general is gaining back some momentum. Affirm gained trust with investors, which means that the model, if you can make it work, is a good model," he said. "For BNPL, the [business to business to consumer model] is the direction. You don't spend all the money to acquire the customer like the bank. You actually partner with the merchant. The merchant wants to get more sales. Affirm has proven it. Klarna has proven it … any validation that this model that is working, that gains credibility with investors, will help [both Sunbit and the BNPL industry]." Read more: https://lnkd.in/eU-F6GxV #klarna #ipo #affirm #fintech #bnpl
