Klarna IPO Bursts Out of Gate With Nearly 15% Gain Amid BNPL Frenzy

TRENDING: See Nvidia's Growing Appetite For Startup Investments Klarna competes in the "buy now, pay later" consumer financing market vs. Affirm Holdings (AFRM), Block's (XYZ) Afterpay, PayPal Holdings (PYPL), Sezzle and many others. PayPal plans to step up BNPL marketing. Many top credit card issuers, such as Chase, now offer their own version of BNPL, creating more competition. While "buy now, pay later" remains its core business, Klarna also offers an instant payment method and has held its banking licen ...