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Klarna chairman sent a stark post-IPO message to CEO: 'We're 10 years behind Revolut'
Business Insider· 2025-09-24 13:24
Core Insights - Klarna recently celebrated its $15 billion IPO, but the chairman highlighted that the company is significantly lagging behind its competitor, Revolut, by 10 years [1][3]. Company Overview - Klarna, a Swedish fintech, has approximately 111 million users and primarily generates revenue through merchant-funded zero-percent interest financing [9]. - The company is currently limited to payments and short-term lending, although it has initiated a US debit card pilot to expand into traditional banking and work towards its "super app" ambitions [8]. Competitor Analysis - Revolut, founded in 2015, has over 52 million customers and has evolved from a prepaid foreign exchange card to a comprehensive financial platform, aiming to become a full-service global bank [4]. - The stark comparison made by Klarna's chairman indicates a need for Klarna to accelerate its growth and diversification to compete effectively with Revolut [3]. Recent Developments - Klarna went public on the New York Stock Exchange, raising approximately $1.37 billion, which has contributed to its valuation of $15 billion [10]. - The CEO, Sebastian Siemiatkowski, engaged employees with a unique performance at the company's conference, emphasizing the importance of celebrating milestones while acknowledging the competitive landscape [2].
X @Bloomberg
Bloomberg· 2025-09-23 17:20
Today in Bloomberg Deals: Brookfield's digital infrastructure ambitions, and Klarna and Netskope IPOs spur best month for US volume since 2021 https://t.co/tPMyZp9ho6 ...
美国IPO市场不再冷清!投资者挑剔但踊跃 9月融资额创近四年纪录
Zhi Tong Cai Jing· 2025-09-23 13:22
美国IPO市场正迎来自2021年狂热尾声之后最繁忙的一个月。 Klarna(KLAR.US)与Netskope(NTSK.US)的成功上市引领风潮,推动9月迄今的美国IPO总额达到76亿美 元(不含空白支票公司等金融载体)。汇编数据显示,这创下自2021年11月以来的最高月度纪录。 新上市企业加权平均回报率达17%,若不是Stubhub(STUB.US)与Gemini(GEMI.US)上市后股价均出现两 位数跌幅,这一表现将更为亮眼。这些特例提醒市场:尽管美国IPO活动已从疫情后的低谷持续回暖, 并涌现若干超额回报案例,但投资者仍要求这批金融科技新秀与长期推迟上市的企业为其股票估值提供 充分依据。 摩根大通美洲地区股权资本市场联合负责人Keith Canton表示,"并非每笔交易都能获得所有投资者认 可"的现象其实是健康的,他同时认为,潜在的IPO买家"秉持纪律性,对每笔交易都进行细致评估",这 一点值得肯定。 他在接受采访时指出:"整体来看,投资者对IPO这一资产类别的兴趣浓厚,但需求呈现分化态势,这 种格局在9月的市场中已有所体现。" 当前IPO活跃的背景是,股票基准指数持续刷新纪录高点,同时备受关注的波 ...
How an Apple vet is teaching an old fintech new tricks
Yahoo Finance· 2025-09-23 10:46
Good morning, everyone, it’s finance editor Jeff John Roberts pinch-hitting for Allie. In my day job, I talk to a lot of folks in the fintech and crypto space who are actively disrupting the legacy financial stack. So when MoneyGram reached out to tell me how they are staying competitive in this fast-evolving market, I was skeptical, to say the least. But after speaking with new CEO Anthony Soohoo—who cut his teeth at Apple and led digital transformation initiatives at Walmart and CBS—I came away with a di ...
What’s Up with the Crazy Flow Volatility at ARK’s ETFs?
Yahoo Finance· 2025-09-22 10:10
Something strange has been happening to several of ARK’s ETFs recently: Assets have been spiking like blood sugar after a pumpkin spice latte. There has been speculation about the causes, but no one, other than the unidentified traders, knows why. One explanation is that the activity is merely heartbeat trades that were used to wash taxes. Another is that a zealous bunch of retail investors wanted exposure to a few IPOs. But the most interesting theory, from the Financial Times’ Robin Wigglesworth, is tha ...
Your credit score could soon be impacted by 'pay later' loans. Details about the change.
Yahoo Finance· 2025-09-22 09:30
Core Viewpoint - The introduction of Buy Now, Pay Later (BNPL) loans into credit scoring by FICO will begin impacting consumer credit scores starting in fall 2025, marking a significant change in how these loans are perceived in the credit landscape [2][3][7]. Group 1: Overview of BNPL Loans - BNPL loans allow consumers to make purchases in installments, typically with little to no interest and without hard credit checks [4]. - Major BNPL providers include Affirm, Klarna, Afterpay, and PayPal Pay Later, which offer flexible payment options at checkout [5][10]. Group 2: Impact on Credit Scores - Previously, BNPL loans did not affect credit scores as they were not reported to credit agencies, allowing consumers to use them without impacting their credit history [6][11]. - FICO's new scoring models, FICO Score 10 BNPL and FICO Score 10 T BNPL, will incorporate BNPL data, but lenders will need sufficient data from BNPL providers before these scores can be utilized [8][9]. Group 3: Expected Changes and Consumer Behavior - The impact of BNPL loans on credit scores is expected to be similar to opening a new account, with scores potentially improving or decreasing by about 10 points for most consumers [12]. - The effect on individual credit scores will vary based on the consumer's overall credit profile and the specifics of their BNPL loans [13]. Group 4: Consumer Usage Trends - A significant portion of BNPL users are utilizing these loans for essential expenses, with 47% using them for groceries and 35% for medical bills, raising concerns about the financial health of these consumers [14][15]. - Nearly half of BNPL users have missed at least one payment, indicating potential risks associated with increased reliance on these financial products [15].
Zoom首席执行官:每周三天工作制有望实现
财富FORTUNE· 2025-09-21 13:05
Core Viewpoint - The CEO of Zoom, Eric Yuan, predicts that AI chatbots and intelligent agents will facilitate a shift to a three to four-day workweek, aligning with views from other industry leaders like Bill Gates and Jensen Huang [2][4][5] Group 1: Impact of AI on Work Structure - AI technology is expected to eliminate certain jobs, but those who retain their positions may benefit from shorter workweeks [4][7] - Companies like Exos have successfully implemented a four-day workweek, resulting in a 50% reduction in employee burnout and a 24% increase in productivity [4] - Bill Gates anticipates that within the next decade, most jobs may no longer require human involvement due to the rapid advancement of AI [5][6] Group 2: Divergent Views on Job Market Transformation - There is a consensus among business leaders that the job market will undergo significant changes, with some positions inevitably being automated [7] - While some executives believe that AI will lead to job losses, others, like Jensen Huang, argue that it could actually promote employment by creating new opportunities for skilled workers [7] - Eric Yuan acknowledges that while some jobs will disappear, new roles will emerge, particularly in managing AI systems and digital agents [7]
科技IPO市场分化明显! Pattern(PTRN.US)首日交易涨超11% StubHub(...
Xin Lang Cai Jing· 2025-09-19 23:34
Group 1: Market Overview - The US tech IPO market shows signs of recovery after a prolonged slump, but performance varies significantly among companies [1] - StubHub's IPO was disappointing, with its stock price dropping 21% from the IPO price of $23.50 to $18.46, marking three consecutive days of decline [1][2] - StubHub's market capitalization has decreased from $8.6 billion at IPO to $6.8 billion [2] Group 2: StubHub Financial Performance - StubHub's revenue grew by 10% year-on-year to $397.6 million in Q1, but net losses widened to $35.9 million compared to $29.7 million in the same period last year [2] - The CEO indicated that new transparent pricing regulations in the US will have a "one-time impact" on the company's finances [2] - The Federal Trade Commission (FTC) has filed a lawsuit against StubHub's competitor, Live Nation, raising concerns about regulatory scrutiny in the online ticketing industry [2] Group 3: Comparison with Other Companies - In contrast to StubHub, other recently listed companies like Klarna Group, Figma Inc, Circle, and Netskope have provided substantial returns to early investors [2] - Pattern Group, another new listing, saw its stock rise over 11% on its first day, closing at $15.63 with a market cap of approximately $2.5 billion [2] Group 4: Pattern Group Overview - Pattern Group raised $300 million in its IPO, with half of the funds going to investors [3] - The company, founded in 2013, is the second-largest Amazon seller in the US, providing sales optimization services across various e-commerce platforms [3] - In Q2, Pattern's revenue increased by 39% year-on-year to $598.2 million, with a net profit of $16.4 million, up from $11.3 million the previous year [3] - 94% of Pattern's revenue comes from sales on Amazon, indicating a significant dependency on the platform, which poses a potential risk if Amazon changes its policies [3]
科技IPO市场分化明显! Pattern(PTRN.US)首日交易涨超11% StubHub(STUB.US)上市三日连跌21%
智通财经网· 2025-09-19 23:27
Core Insights - The U.S. tech IPO market shows signs of recovery after a prolonged slump, but performance varies significantly among companies [1] Group 1: StubHub Performance - StubHub's IPO was priced at $23.50, but the stock has fallen 21% to $18.46, marking three consecutive days of decline [1][2] - The company's market capitalization has decreased from $8.6 billion at IPO to $6.8 billion [2] - StubHub reported a 10% year-over-year revenue increase to $397.6 million in Q1, but net losses widened to $35.9 million from $29.7 million a year earlier [2] - Recent U.S. regulations on transparent pricing are expected to have a "one-time impact" on StubHub's finances, according to CEO Eric Baker [2] - The Federal Trade Commission (FTC) has filed a lawsuit against StubHub's competitor, Live Nation, raising concerns about regulatory scrutiny in the online ticketing industry [2] Group 2: Pattern Group Performance - Pattern Group went public with an IPO price of $14, opening at $13.5 and closing up over 11% at $15.63, with a market cap of approximately $2.5 billion [1][3] - The IPO raised $300 million, with half of the funds going to investors [3] - Pattern, founded in 2013, is the second-largest Amazon seller in the U.S., providing sales optimization services across various e-commerce platforms [3] - The company reported a 39% year-over-year revenue increase to $598.2 million in Q2, with a net profit of $16.4 million, up from $11.3 million a year earlier [3] - 94% of Pattern's revenue comes from sales on Amazon, indicating a significant dependency on the platform, which poses a potential risk if Amazon changes its policies [3]
The First Sales Hire Playbook
GTMnow· 2025-09-19 19:35
Core Insights - The hiring of the first sales representative is a critical inflection point for early-stage founders, with the potential for significant growth if done correctly [1][2] - Approximately 50% of first sales hires do not last beyond their first year, highlighting the importance of making the right choice [2] - Successful first sales hires share specific traits and attributes, which can be identified through pattern matching [3] Hiring Timing - Founders should ensure there is some level of product-market signal before hiring the first Account Executive (AE), which includes having real customers willing to pay [6][8] - The zero-to-one journey can be broken down into four micro-stages, including design partners and paid early customers [11] Ideal Candidate Profile - The first sales hire should be a hybrid player, capable of handling multiple roles such as lead generation, qualification, and closing [9] - Key characteristics of an ideal first sales hire include being startup-tested, a full-stack generalist, a missionary rather than a mercenary, a fast learner, and possessing grit and resourcefulness [10][12][13] Hiring Strategy - Hiring two sales representatives staggered by 30-45 days can create faster learning loops and help identify whether issues are people or process-related [16][17] - Starting with one hire may be necessary if runway is tight or sales signals are not strong enough, with a fast "gate" for hiring a second representative recommended [18][19] Interviewing and Onboarding - Founders should utilize sales leaders as advisors to help vet sales talent and assess candidates effectively [22] - Setting up the first sales hire for success involves providing product knowledge, starting prospecting immediately, maintaining CRM hygiene, and establishing feedback loops [23][24] Company Developments - Centari raised $14 million to enhance deal intelligence in M&A and financing [27] - Pocus announced advancements in decision-making intelligence for sales representatives [28] - Netskope raised $908 million in its U.S. IPO, achieving a valuation of $7.26 billion [29] - Klarna successfully listed on the NYSE at a $15.1 billion valuation, raising $1.37 billion [30] - Apollo introduced a go-to-market AI Assistant to automate various sales processes [31]