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Sebastian Siemiatkowski Profile picture
@klarnaseb
Feb 8 • 5 tweets • 2 min read • Read on X
Ok. I give up. Klarna and me will embrace crypto! More to come

Yes I know! This post will get a huge sigh and 2 views 😂

But it still feels historic. Last large fintech in the world to embrace it. Someone had to be last. And that’s a milestone as well of some sort… 🥳
Btw all crypto fans. Tell me what we should do with it? We have 85 m users worldwide. 100 bn of volume. Over 0.5 m merchants. About 30% of volume is debit not credit. Over 1 million cards.

I have some ideas but keen to hear more!
Wow
Will fill my todo list for some while…
Promise to follow up with all the ideas and suggestions!
Feel free to follow me and I will keep you in the loop
Actually it was 3 great entrepreneurs introduced to me by @andrew__reed that made me see the light
Interesting observation anyways how so many people highlight suggestions being fully compliant, as a key advantage. Such a change from some years ago!
My kid was so excited about Klarna, crypto and Bitcoin so pushed me to do a song about it.

I think it is quite heavy 😀

Eurovision next!!!

suno.com/song/aa0df983-…

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More from @klarnaseb

Sebastian Siemiatkowski Profile picture
Nov 13, 2024
:

🚨 AI is reshaping industries faster than ever, and eCommerce is next in line 🚨

🧵 Here’s how the rise of AI agents could redefine online shopping—and why brands need to rethink their strategies NOW. 👇
1/ Chegg, an educational services company, saw its stock plummet nearly 99%—all because AI tools like ChatGPT offer similar services faster and cheaper.

gizmodo.com/chegg-is-on-it…
2/ This is just the beginning. AI agents that can navigate the internet, complete tasks, and make purchases are on the horizon, thanks to OpenAI, Claude, Microsoft, and others. And they’re arriving soon.
Read 11 tweets
Sebastian Siemiatkowski Profile picture
Jul 11, 2022
Today Klarna announces an $800m financing round during the worst stock downturn and challenging macro in decades.

We are not immune to public peers being down 75-90% and hence our valuation is down on par. Here are some facts that the media might omit in reporting on this 🧵 👇
1. Klarna has been profitable for its first 14 years of existence. 2017 = 14% EBT. Our established markets currently generate 1 bn in gross profit per year.

2. Since 2019 we have invested to become US market leaders with 30 m users, 60% brand aware. and 30 of top 100 US sites
3. As investor sentiment shifts it is time to return to profitability. But now we are doing so on a global platform, 150 m users, over 20 markets and 400 k partners

4. We don't do pref shares only common stock. Other private startups fundraise and valuations are not comparable.
Read 5 tweets
Sebastian Siemiatkowski Profile picture
Jun 7, 2022
It is a great win for consumers worldwide that Apple is now embracing a better form of consumer credit.

Plagiarism is also the highest form of flattery 😉

Some more interesting dimensions of this announcement 🧵
This will accelerate the rise of REAL interest-free BNPL over traditional credit cards, which will benefit consumers massively.

As Apple embraces it, perhaps media will become more curious to understand how BNPL is meaningfully better for consumers than traditional credit cards
Spotify was once joined by Apple in transforming the music industry. Industry improved, Apple and Spotify surged, and consumers won

With BNPL available everywhere how will this impact the business of banks and credit card providers?

Who will pay APRs of 40%?

Who will revolve?
Read 4 tweets
Sebastian Siemiatkowski Profile picture
Nov 18, 2020
I svensk media målas det ofta upp en bild av att Klarna är den huvudsakliga anledningen till att skuldsättningen ökar i Sverige. Oklara avgifter & dyra delbetalningar - det är vad Klarna lever på, om man ska tro journalister och politiker. Bra att veta då:
Mindre än 3% av köp med Klarna är delbetalning. Mycket eller lite? Bedöm själv. Tydligen påstod Breakit i en livesändning nyligen att ALLA Klarnas intäkter kommer från avbetalningar, så för vissa är det här uppenbarligen en överraskning.
Majoriteten av våra intäkter kommer från butikerna. De betalar för att ha vår kassa eftersom deras kunder vill det. Sex av tio svenska konsumenter är mer positivt inställd till en butik om man kan betala med Klarna
Read 10 tweets

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