Klarna CEO: 'We think there's a huge opportunity to disrupt the credit card industry in the U.S.'

Business Model & Revenue - 97% of the company's business is from 0% interest financing options funded by merchants [2] - The company is bringing customers to merchants, which is an important part of its business [1] Market Opportunity & Competition - The company sees a huge opportunity to disrupt the credit card industry [3] - The company considers credit card companies as its competitive set over time [2] - The company has signed 700,000 card customers in the US in the last 6 weeks [3] - The company has 5 million people on the waiting list for its card product [3] Consumer Benefits - The company is saving consumers billions because they are not revolving on credit cards and paying high interest rates [2] - The company's 0% financing option is tremendously more affordable compared to a credit card [2]