Klarna applies for a US banking licence, its boldest American move yet
Klarna wants to be a real American bank. The Swedish BNPL giant has applied for a US banking licence, betting a friendlier Washington will let it crack a market that has bruised European rivals. Klarna has applied to US regulators to set up its own bank, tech.eu reports. The Swedish fintech filed with the Utah […]<br /> This story continues at The Next Web [...]
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Klarna launches US savings accounts at 3.28% as the buy-now-pay-later company tries to become a bank
Klarna is launching high-yield savings accounts in the United States with an annual percentage yield starting at 3.28%. The accounts are FDIC-insured through a partnership with WebBank and are desig [...]
Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high.
Six months after listing on the New York Stock Exchange at $40 a share, Klarna is trading at roughly $12. The Swedish buy-now-pay-later company that once symbolised European fintech’s arrival on Wal [...]
Swedish court orders Google to pay Klarna nearly $2 billion in antitrust damages
A Swedish court has ordered Google to pay more than 14 billion kronor to Klarna’s PriceRunner subsidiary for illegally favouring its own comparison shopping service in search results. The ruling, ha [...]
Dutch neobank Bunq accelerates US expansion plan after second year of profitability
Dutch neobank Bunq, Europe’s second-largest digital bank, is gearing up to expand across the Atlantic. The fintech company has filed for a broker-dealer licence with US regulators, completing the fi [...]
Kai-Fu Lee's brutal assessment: America is already losing the AI hardware war to China
China is on track to dominate consumer artificial intelligence applications and robotics manufacturing within years, but the United States will maintain its substantial lead in enterprise AI adoption [...]
A European AI challenger goes after GitHub Copilot: Mistral launches Vibe 2.0
Mistral AI, the French artificial intelligence company that has positioned itself as Europe's leading challenger to American AI giants, announced on Tuesday the general availability of Mistral Vi [...]