Klarna files for IPO in US
Hey Payments Fanatic!
Klarna, the BNPL powerhouse, has taken a decisive step towards the public markets by filing confidentially for an IPO in the US ????. Months of speculation are now over, as Klarna submitted a draft registration statement to the Securities and Exchange Commission?(SEC).
While the number of shares and price range remain undisclosed, recent analyst estimates suggest that Klarna’s valuation could reach around $????.?? ?????????????? after Chrysalis Investments Ltd raised its stake in the company to $154 million.
This is a marked recovery from its $6.7 billion valuation in the 2022 downround but still a far cry from the $45.6 billion it commanded at its 2021 peak.
The company’s statement reveals that the IPO is set to proceed once the SEC completes its review, subject to market conditions, leaving room for anticipation in the coming months.
Let's see how this plays out and if you’re interested in reading a bit about what’s been happening in Payments, keep scrolling!
Cheers,
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INSIGHTS
?? Account-to-account (A2A) Payments emerge as a compelling alternative to the card payments landscape.
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???? RedCompass Labs launches Payments AI to save banks millions. AnalystAccelerator.ai, the first applied AI tool for payment modernization, helps banks tackle challenges with insights from over 300 projects and the most extensive global payments documentation library.
???? PXP Financial partners with US payments company North. The partnership enables PXP Financial merchants and partners to access another U.S. acquirer, supporting diverse sectors and complementing PXP's ongoing expansion in the U.S.
???? Citi & Bank of Shanghai unveil payments solution for foreign travelers in China. With Bank of Shanghai’s TourCard solution powered by Citi, travellers can get access to local currency in China by linking a Bank of Shanghai CNY virtual account to their respective digital wallets in the Bank of Shanghai TourCard mini-app.?
???? PayPal USD links with LayerZero for transfers between Ethereum and Solana. LayerZero said that PYUSD now uses its Omnichain Fungible Token (OFT) Standard to allow the crosschain transfers, which will “enable users who self-custody their tokens to seamlessly transfer assets between blockchains.
???? Prosus eyes PayU IPO in 2025 after stellar Swiggy listing. On Wednesday, the company described the market as a pillar for its investment business after the stellar listing of food delivery and quick commerce firm Swiggy netted it gains of $2 billion.
???? BANCOMAT, Bizum, and SIBS MB launch EuroPA. The companies have enabled interoperability between their services and completed the first instant payment transaction, improving how customers make instant mobile payments using their preferred solution and a European infrastructure.
???? Coinbase is acquiring the team behind Utopia, a stablecoin and payments startup that pivoted away from its core product last year, the company tells Axios exclusively. The Utopia Labs team will focus on building stablecoin-based payments directly into the Coinbase Wallet, with cross-border likely to be part of the product.
???? Morgan Stanley Expansion Capital makes $20 Million investment in NovoPayment. The funding aims to fuel NovoPayment's ongoing growth, driving its scaling efforts and expanding its network of commercial partnerships. Read the full piece
GOLDEN NUGGET
Mastercard ???????? — ?? ?????? ???????????????? ???? ?????????????????????? ??????????-???????????? ??????????????????
Traditional cross-border payments are often slow, costly, and lack transparency— issues that can hold back global e-commerce, marketplaces and revenue in general. Mastercard Move is stepping up to address these challenges with real-time speed, lower costs, and clear, upfront fees.
?????????????????????? ??????????-???????????? ?????????????? ??????????????????:
? ????????/???????? ??????????????????: Secure and widely used, but often costly, slow, and lacking fee transparency.
? ?????????? ???????????????? ?????????????????? (MTOs): Fast and accessible but with high fees and increased fraud risk, especially in cash-based transfers.
? ????????-?????????? ??????????????????????: Essential for areas with limited banking infrastructure, but prone to fraud and higher costs.
These legacy systems have long created delays and additional costs for businesses and individuals alike. Now, Mastercard Move offers a fresh approach, designed to empower global marketplaces and improve cross-border payments.
?????? Mastercard ???????? ???? ?? ????????-??????????????:
? ????????-???????? ????????????????????????: Enables same-day to real-time transfers across 10 billion+ endpoints like bank accounts, wallets, and cash-out locations.
? ???????????????????????? & ????????????????????: Provides clear FX rates, upfront fees, and fast delivery with real-time status updates.
? ???????????? ??????????: Operates in 180+ countries and 150+ currencies, making it accessible to millions.
? ???????????????? ????????????????: Mastercard's trusted network offers advanced fraud protection, ensuring safer transactions.
??????????????:
Imagine a global marketplace enabling vendors in one country to receive payments from international buyers instantly, with lower fees and greater transparency. This improved payment experience means vendors get their funds faster, which strengthens trust and supports growth.
eBay / Etsy / StockX / Wayfair / Instacart / DoorDash / Uber
As the demand for digital payments soars, Mastercard Move is setting a new standard for seamless, secure, and fast cross-border payments, positioning global businesses for success!
Source: Mastercard
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Great insights, Marcel! It's exciting to see such dynamic developments in the PayTech space. Your ability to connect the dots in FinTech is truly appreciated. Looking forward to your next updates!
Payment & Fraud Manager
3 个月TransferTo? No Thunes ? ??