Today in payments around the world, Klarna will wait until at least 2022 for an IPO. Plus, Facebook’s digital wallet Novi is “ready to come to market” and ANNA and Currencycloud are partnering to help small and medium-sized businesses.
Klarna Might Consider IPO As Soon As Next Year
Swedish short-term loan FinTech platform Klarna Bank AB isn’t working on an initial public offering (IPO) but might consider one in 2022 at the earliest, CEO and Co-founder Sebastian Siemiatkowski told Bloomberg Wednesday (Aug. 18).
Klarna hasn’t decided whether to offer new stock in its potential listing, he said. The company won’t fight the U.K.’s plans to regulate buy now, pay later (BNPL) products, said Siemiatkowski, who said the firm’s Pay in 30 days option is better for consumers than credit card debt.
ANNA, Currencycloud Team On SMB Banking
Small business account and tax app firm ANNA Money announced Wednesday (Aug. 18) it is working with cross-border finance specialist Currencycloud to enhance its international banking offering.
ANNA says the multi-currency account lets customers pay and receive in dollars, British pounds and Euros through Currencycloud’s Spark integration. The two companies say the solutions provided by their partnership are available now to ANNA customers.
Facebook Announces Novi Is Ready To Launch
Facebook’s Novi digital wallet, which will allow individuals and companies to transfer funds domestically and internationally, is “ready to come to market,” David Marcus, Head of F2 (Facebook Financial), said in a Medium post on Wednesday (Aug. 18).
Marcus noted in the post that Facebook had been working on the Novi wallet for “the past two-plus years.” He said the wallet would “enable people, and eventually small businesses, to move money around domestically and internationally in a quick and affordable way.”