Core Viewpoint - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Klarna Group plc, focusing on whether Klarna and its executives made materially false or misleading statements regarding the company's business and operations [1][2]. Company Overview - Klarna provides payment, advertising, and digital retail banking solutions to consumers and merchants [2]. Investigation Details - The investigation by Robbins Geller is centered on potential misleading statements or omissions of material information by Klarna and its top executives [2]. About Robbins Geller - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having secured over $2.5 billion for investors in 2024 alone, which is more than the next five law firms combined [3]. - The firm has been ranked 1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors [3]. - Robbins Geller has a significant history of obtaining large securities class action recoveries, including the largest ever at $7.2 billion in the Enron case [3].

Direct-to-consumer furniture brand Cozey has added Klarna’s buy now, pay later (BNPL) solutions to its online stores in the United States and Canada.By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions .Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.Cozey’s eCommerce ...

Summary of Marqeta 2025 Conference Call Company Overview - **Company**: Marqeta (NasdaqGS:MQ) - **New CEO**: Mike Milotich has been appointed as CEO and CFO, focusing on strategic initiatives and growth [1][3] Key Industry Insights - **Platform Differentiation**: Marqeta operates a full modern platform that supports both credit and debit transactions across over 40 markets, which is a key driver for future growth [4][5] - **Scalability**: The company plans to add approximately $100 billion in volume to its platform, emphasizing the importance of scalability for large enterprises and financial institutions [5] Business Performance - **Buy Now, Pay Later (BNPL)**: - BNPL business saw a 33% growth in total payment volume (TPV) in the last quarter, with lending and BNPL use cases growing over 60% [8][9] - Adoption of Visa's Flexible Credential has significantly improved the value proposition for BNPL services [9][10] - European operations are also growing rapidly, particularly with Klarna migrating millions of cards to Marqeta's platform [12][30] - **On-Demand Delivery**: This segment has seen a resurgence, doubling its growth rate and expanding into new merchant categories and markets [14] - **Gross Profit Growth**: - The company expects gross profit growth to exceed 20% this year, driven by strong performance in BNPL and on-demand delivery [20][21] - International business, particularly in Europe, is growing over 100% in TPV, contributing to overall growth [22] Customer Relationships and Contract Renewals - **Major Customer Updates**: - Two major contract renewals are pending, expected to impact growth by about 2 percentage points each [18][19] - Block, Marqeta's largest customer, is diversifying processors, which may impact gross profit by approximately 200 basis points in 2026 [23][24][26] - **Klarna Partnership**: The Klarna Card has launched in 15 new countries, showcasing Marqeta's ability to support rapid expansion and innovation [30] Operational Efficiency - **Cost Management**: - The company has improved operational efficiency, with adjusted EBITDA expected to exceed $100 million this year, up from $29 million last year [36] - Stock-based compensation is projected to stabilize around $110 million annually, essential for attracting and retaining talent [40] Strategic Acquisitions - **TransactPay Acquisition**: This acquisition enhances Marqeta's ability to serve multinational customers consistently, allowing for seamless processing and program management across regions [42][44] Future Outlook - **Growth Strategy**: Marqeta aims to continue expanding its platform capabilities and customer base, particularly in the embedded finance sector, targeting large multinational companies [45][46] Conclusion - Marqeta is positioned for significant growth through its scalable platform, strong performance in BNPL, and strategic partnerships, while also focusing on operational efficiency and customer retention strategies.

Core Insights - The recent challenges faced by companies like StubHub, Klarna, and Gemini may signal caution for investors as more firms are preparing for IPOs in 2026 [1] Group 1: Company Performance - StubHub has encountered difficulties that could impact its market position and investor confidence [1] - Klarna's struggles highlight potential issues in the buy-now-pay-later sector, which may affect its valuation and attractiveness for future investments [1] - Gemini's setbacks indicate broader challenges in the cryptocurrency exchange market, raising concerns about regulatory and operational risks [1] Group 2: Market Outlook - The upcoming IPOs in 2026 may be influenced by the performance and public perception of these companies, suggesting a more cautious approach from investors [1] - The overall sentiment in the market could shift based on the outcomes of these companies' current challenges, potentially affecting future fundraising efforts [1]

Core Insights - Visa has launched three new digital wallets in Europe in collaboration with BBVA, Klarna, and Vipps MobilePay, with a pilot project with BANCOMAT planned for early 2026 [2][3] - The new wallets utilize near field communication (NFC) technology for host card emulation (HCE) on iOS wallets, marking a significant advancement in mobile payment options [2][3] Industry Trends - The EU's Digital Markets Act has facilitated a major regulatory shift, allowing third-party wallets to access NFC technology, which is expected to enhance competition and innovation in mobile payments [3] - Mobile payments currently account for 59% of all eCommerce transactions in Europe, projected to rise to 75% by 2030, with 32% of Europeans relying solely on mobile wallets for purchases [3] Company Developments - BBVA Pay in Spain is the first wallet globally to integrate Visa's Token Service using Visa's software developer toolkit, enhancing security by replacing sensitive card information with a secure digital token [4] - Klarna is expanding its app into 14 new European markets, enabling tap-to-pay capabilities through its collaboration with Visa [4] - Vipps MobilePay has launched a Visa co-badged wallet in Norway, with plans to expand to Denmark, Finland, and Sweden [5]

Securities and Exchange Commission Chair Paul Atkins wants to "make IPOs great again." In a speech on Tuesday, the Trump-appointed head of the SEC outlined how the agency will work to lighten public disclosure requirements for smaller and newer companies in an effort to bring more of them to the public market. "If we want the next generation of innovators to choose our public markets, we need disclosure that is calibrated for a company's size and maturity," Atkins said during a speech delivered at the Ne ...

Key Takeaways Klarna launches Tap to Pay in 14 European markets to extend its flexible-payment reach.The rollout builds on debit-first Klarna Card traction and rising global user and transaction activity.Klarna also posts record U.S. Black Friday results with 45% GMV growth across key retail categories.Klarna Group plc (KLAR) has rolled out Tap to Pay across 14 European markets, bringing its flexible-payment ecosystem directly into brick-and-mortar retail at scale. The move taps into a major growth runway, ...

Group 1: Klarna Group PLC - Klarna reported third-quarter losses of 25 cents per share, beating the market estimate of a 33-cent loss [1] - The company reported quarterly revenue of $903 million, exceeding the market estimate of $881.898 million [1] - For the fourth quarter, Klarna set revenue guidance of $1.065 billion to $1.08 billion, compared to the $1.058 billion estimate [2] - Klarna shares fell 4.6% to settle at $30.04 on Monday [5] Group 2: Affirm Holdings Inc - Jim Cramer recommended buying Affirm Holdings Inc [1] - Affirm shares declined 2.7% to close at $69.06 [5] Group 3: Newmont Corporation - Newmont posted third-quarter revenue of $5.52 billion, beating analyst estimates of $5.18 billion [3] - The company reported third-quarter adjusted earnings of $1.71 per share, surpassing analyst estimates of $1.42 per share [3] - UBS analyst Daniel Major maintained a Buy rating for Newmont and raised the price target from $105.5 to $125 [2] - Newmont shares gained 1.2% to settle at $91.83 on Monday [5]

Dec 2 (Reuters) - Automated digital wealth management firm Wealthfront is targeting a valuation of ​up to $2.05 billion in its U.S.‌ initial public offering, it said on Tuesday, becoming the latest to ‌test a trend of strong investor appetite for fintech listings. The Palo Alto, California-based company plans to raise as much as $485 million by selling 34.6 million shares, including stock offered ⁠by existing shareholders, ‌at a price range of $12 to $14 each. The U.S. IPO market has recovered after ‍a s ...

Core Insights - Klarna has launched a new feature called Tap to Pay across 14 European markets, transforming its app into a contactless wallet for in-store purchases [1][2][5] Group 1: Product Launch and Features - Tap to Pay utilizes NFC technology, allowing consumers to set up flexible payment plans and make payments with a single tap within the Klarna app [3][5] - The feature is now available in Germany, Italy, Spain, France, the Netherlands, Finland, Belgium, Austria, Ireland, Portugal, Norway, Poland, Denmark, and Sweden, supporting both iOS and Android devices [6] Group 2: Market Context and Adoption - Over 80% of European shopping occurs in physical stores, making Tap to Pay a significant enhancement by bringing online shopping convenience to brick-and-mortar locations [2] - The launch builds on the success of the Klarna Card, which has over 4 million users and is accepted at more than 150 million merchant locations globally [4] Group 3: Company Overview - Klarna is a global digital bank with over 114 million active users and processes approximately 3.4 million transactions daily [7] - The company aims to empower consumers to pay smarter and is trusted by over 850,000 retailers, including major brands like Uber, H&M, and Nike [7]