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Klarna chairman sent a stark post-IPO message to CEO: 'We're 10 years behind Revolut'

1. Klarna celebrates its 20th anniversary alongside a recent IPO. 2. CEO acknowledges Klarna is 10 years behind rival Revolut. 3. Klarna aims to disrupt the US credit card market with strategic expansions. 4. Company recently launched a US debit card pilot program. 5. Klarna values itself at $15 billion following the IPO.

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FAQ

Why Neutral?

While Klarna's IPO raised significant capital, concerns about competition from Revolut could dampen investor sentiment. Historically, IPOs can lead to initial spikes, but long-term competitiveness is crucial.

How important is it?

The article discusses significant developments and challenges facing Klarna post-IPO, affecting its competitive strategy.

Why Long Term?

Klarna’s ambitions in the US credit market will take time to realize. Competitors like Revolut pose immediate challenges that must be addressed in the longer term.

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