Swedish fintech Klarna has officially launched its IPO with a $14B valuation, targeting $1.27B from 34.3M shares at $35-37 each. KLAR stock will debut on NYSE, backed by strong financials ($3B revenue, 17% YoY growth) and low credit loss of 0.52%. The IPO is seen as a key test for fintech valuations in 2025.

Rakuten Wallet and Rakuten Pay are set to integrate XRP into Japan’s mainstream consumer ecosystem, potentially enabling conversion of over 3 trillion loyalty points worth about $23 billion and expanding XRP payments to more than 5 million merchants.

Swedish fintech giant Klarna, fresh off its stablecoin launch, has partnered with Stripe-owned Privy to develop crypto wallet features. The initiative targets 114 million existing users, aiming to make storing, sending, and trading digital assets as intuitive as Klarna's other services. Klarna recently launched KlarnaUSD on Tempo testnet with mainnet planned for 2026, targeting $120 billion annual cross-border payment costs. CEO Sebastian Siemiatkowski, once a crypto skeptic, now believes the market is mature enough. Privy powers over 100 million accounts for 1,500+ developers. The partnership reflects a broader trend of fintechs integrating crypto tools. Klarna's 114 million customers process $112 billion in GMV annually. a16z estimates 716 million global crypto holders with 40-70 million monthly active users, growing by 10 million per year.

Just weeks after launching its stablecoin KlarnaUSD, Swedish fintech giant Klarna has partnered with Stripe-owned wallet infrastructure platform Privy to research and develop crypto wallet features. The collaboration aims to make it easier for everyday users to store, use, and send digital assets. CEO Sebastian Siemiatkowski highlighted Klarna's 114 million customers and $112 billion in annual gross merchandise volume as a unique advantage to bring crypto to mainstream consumers. Privy, which powers over 100 million accounts across 1,500+ developers, will provide enterprise-grade infrastructure. The stablecoin KlarnaUSD, built on Tempo blockchain and backed by Bridge, is now on testnet with mainnet expected in 2026, targeting the $120 billion annual cross-border payment cost. a16z data shows 716 million global crypto holders and 40–70 million monthly active users, growing by 10 million annually. The partnership signals a sharp turn for Klarna, whose CEO was once a vocal crypto skeptic, now fully embracing digital assets.