Is Klarna the Next Robinhood?

Hey FinTech Fanatic!

Klarna is assembling a team to develop a product that will rival Robinhood's trading platform, allowing customers to buy and sell stocks through its app.

As revealed in an internal Slack message obtained by Business Insider, the company posted four internal job openings for roles needed to build this product.

"Our mission is to obliterate the barriers to consumer investing and empower every Klarna user to build their financial future in a single place - the Klarna App," the internal message said. "Think Trade Republic, Robinhood, N26… but with a Klarna-size upgrade."

This move into stock trading marks a shift for Klarna, which is preparing for an anticipated IPO, and traditionally focuses on its core business of providing buy-now, pay-later (BNPL) services for consumers.

What do you think about this move? Tell me more in the comments.

Cheers,

Marcel

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