Klarna CEO Sebastian Siemiatkowski discusses the future of the company after the appreciation of $ 19.5 billion and debut Wall Street on ‘The Claman Countdown’.
Klarna CEO Sebastian Siemiatkowski said it was a “very special” moment after the company received a rating of $ 19.5 billion after it had gone public on Wednesday
Shares of the Koop-Nu-Pay-Later Company increased by more than 30% on Wednesday due to the company that caught up with $ 1.37 billion in its first public offer. The share was opened for $ 52 per share, which was higher than the expected prices of $ 40.
“It’s a fantastic marketing option,” said Siemiatkowski “The Claman Countdown” on Wednesday. “In the US there has been a question for an alternative to credit cards. People are fed up with the debts, the high interest rates they charge tired and they want a better product.”
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The CEO of the company referred to an earlier study that showed that 20% of American households are doing well financially, but the feeling that credit cards are a “product of the devil”.
“They want a product that is fixed episodes, budgeting, easy to use, they can occasionally use a little credit for zero percent to pay something on an episode and those 20 percent are the ones we take care of,” he explained.
Klarna has become a product that many people use for their ‘daily purchases’, Siemiatkowski said.
Sebastian Siemiatkowski, Chief Executive Officer of Klarna Holding AB, on IFGS 2022 Summit in the Guildhall in London in 2022. (Getty Images / Getty Images)
The company is a visa powered debit card Has 5 million people on the waiting list.
“If we even reached five million, that in itself would make one of the larger card publishers in the US,” he told host Liz Claman. “So it’s a pretty interesting start to something we launched six weeks ago.”
American traders pay too much for accepting credit cards and Klarna gives them an alternative, Siemiatkowski explained.
“We offer this to traders and they offer that to the consumer in themselves. So it is the traders who pay for this because they see that while they give people 0% interest -free credit on deadlines, they increase their sale.”
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Siemiatkowski touched his modest beginning and inspirations that led him to pursue entrepreneurship.
“If you do something good for your customers, you create a lot of value for society, so it’s inspiring,” he thought.
