Jim Cramer Notes “I Prefer Affirm to Klarna”

Company Overview - Klarna Group plc (NYSE:KLAR) is a payments technology company that provides solutions in digital banking, advertising, and retail commerce. Its Klarna App serves as an integrated shopping and payment platform [2]. Valuation Insights - Klarna's valuation was over $15 billion when the stock was priced above $40 per share. After opening in the 50s, the valuation approached $20 billion, and following a pullback, it is now valued at over $17 billion, slightly higher than the venture capitalists' investment earlier this year. This valuation indicates a favorable investment opportunity at the current price [1].