Klarna went public on September 10, 2025, pricing shares at $40 and raising $1.37 billion in the process. The stock opened at $52, touched $57 during trading, then settled back to close at $45.82, giving the Swedish buy-now-pay-later company a market valuation of roughly $17 billion.
CEO Sebastian Siemiatkowski has since pointed to the US as Klarna’s fastest-growing market, with over 120 million consumers globally and 38% year-over-year revenue growth in the States. For a company that started in Stockholm and spent years building its European base across 26 countries, that’s a notable shift in center of gravity.
From BNPL to blockchain
In November 2025, the company launched KlarnaUSD, a stablecoin built on the Tempo blockchain in collaboration with Stripe and Paradigm. A month later, in December 2025, Klarna announced a research partnership with Privy to develop consumer crypto wallet infrastructure.
The US growth engine
