Update March 1st 2021: Klarna's valuation soared to US$31 billion after a huge USD1 billion fundraising. https://www.finextra.com/newsarticle/37576/klarna-confirms-mammoth-1-billion-fund-raise Klarna is a Sweden based fintech unicorn that offers Consumer Credit, Merchant Solutions, and Banking services. Founded in 2005 by three students of Stockholm School of Economics, Klarna went from a rejected idea to a US$31 billion giant with a presence in 17 countries. Klarna has been a pleasant outlier as a profitable fintech company from the beginning. In 2019 Klarna recorded a GMV of US$35 billion with net operating revenue of US$ 753 million. Recently, Klarna is experiencing some growing pains especially in its quest to expand out of Europe. In 2019, Klarna reported a loss for the first time. In 2020 although their revenue is growing rapidly, losses also seem to expand. Klarna spearheaded the 'Buy Now, Pay Later' industry and offer many innovative products. They have also created a unique playful brand. Let us learn more about Klarna.