One Week In: How Is Klarna Performing After Its NYSE Debut?
Hey FinTech Fanatic,
On September 10th, 2025, the biggest FinTech headline was Klarna’s long-awaited debut on the New York Stock Exchange. Shares were priced at $40 and jumped as much as 25% on opening day, briefly lifting Klarna’s valuation close to $19B: Sweden’s largest U.S. listing since Spotify in 2018.
This week, the question is: how is Klarna performing now that the opening-day hype has cooled, and what does it signal for the future of Buy Now, Pay Later?
I break it all down for you in this article, and there’s plenty more FinTech news waiting as you scroll.
Cheers,
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FINTECH NEWS
🇵🇪 Lima laced up for FinTech! Last week, the FinTech Running Club hit Lima for the first time, 15+ FinTech professionals laughed, and shared ideas at El Pentagonito. 🏃💡Big shoutout to local host Oscar Narváez Del Río for leading the way and to Revista Gan@Más for the feature 👉 Read here
🇬🇧 Nvidia to invest in UK firms, including Wayve and Revolut. Nvidia Corp. plans to invest £2 billion to support the UK’s AI industry, comprising funding to startups and partnerships with venture capital firms. Wayve had said that Nvidia was planning to invest $500 million in the company to accelerate the development and deployment of its AI model.
🇮🇳 Indian FinTech Jar turns profitable by enabling millions to save in gold. While many consumer FinTechs focus on affluent urban users or credit products, Jar has gained traction by offering a culturally familiar asset, gold, as a low-barrier entry point to saving.
🇺🇸 nCino introduces an integration gateway to streamline data connectivity for financial institutions and FinTech partners. Formerly known as Glyue by Sandbox Banking, Integration Gateway provides dynamic integration capabilities directly to financial institutions, enabling FinTech partners to power their own integration services.
🇺🇸 MongoDB launches AI-powered application modernization platform to reduce technical debt and speed innovation. MongoDB AMP helps customers modernize through the fusion of an AI-powered software platform, a proven delivery framework, and experienced AMP delivery engineers who oversee and guide the implementation process, a powerful combination of tools, techniques, and talent.
PAYMENTS NEWS
🇲🇽 Pomelo appoints Jacob Levin as Country Manager for Mexico and consolidates its position as a strategic partner for major card issuers. With extensive experience in the financial industry, the executive will drive the growth of the local operation and expand the portfolio of major issuers, including banks, unicorns, and large international companies.
🇪🇺 Alipay bets on EU stablecoin, and why Luxembourg matters. Alipay’s Luxembourg authorisation opened the door to launching a euro stablecoin across the EU. This step fitted Ant Group’s push to make cross-border payments faster and cheaper for its billion-plus users worldwide.
🌍 UPI launches program to extend payment network for international students. With UnionPay products, international students can enjoy a wide range of discounts at retailers, restaurants, transportation services, airlines, hotels, and online food delivery services.
🇮🇳 WhatsApp is betting big on India for its Business products: Key takeaways from its second Business Summit. These include in-app calling for larger businesses, which will now allow customers to connect with support executives instantly using voice calls. Additionally, video calling and voice message functionalities are set to be launched soon.
OPEN BANKING NEWS
🇦🇺 NextGen launches open banking-powered Automated Income Verification feature within ApplyOnline, aiming to address inefficiencies in the lending industry’s income assessment process. The new open banking-powered tool is designed to replace manual, document-based verification with a secure, data-driven approach.
REGTECH NEWS
🇬🇧 Guavapay announces temporary suspension of UK services. Guavapay has temporarily suspended the acceptance of new funds into its MyGuava App and MyGuava Business platform following an agreement with the FCA. While users cannot load funds or create new cards during this period, existing funds remain safeguarded, and customers can still access their accounts, view transaction history, and use or withdraw their existing balances.
DIGITAL BANKING NEWS
🇬🇧 Starling and Arsenal launch new partnership. To kick off the partnership, Starling has launched a new financial literacy campaign that utilizes football terminology to explain key financial skills, following the bank’s research, which revealed that two-fifths of Brits (44%) would like to learn how to manage their money better.
🇸🇪 Digital bank NOBA sets Sweden IPO price valuing firm at $3.7 billion. Its listing plans make it the second major Swedish financial services group to opt to go public this year, with buy-now, pay-later lender Klarna making its New York debut earlier this month.
🇬🇧 Finova unveils new specialist buy-to-let platform, enabling lenders to launch products in four months. Delivered via Finova Lending, the solution allows banks, building societies, and specialist lenders to enter or scale into the growing specialist BTL market in as little as four months.
BLOCKCHAIN/CRYPTO NEWS
🇺🇸 MetaMask to launch its token sooner than expected, says ConsenSys CEO. Consensys CEO and Ethereum co-founder Joe Lubin revealed that a MetaMask token could be launched much earlier than people think, sparking excitement among users and investors who have long been waiting for such a move.
🇺🇸 Bullish posts $108 million net income in first quarterly report after IPO. The earnings release was accompanied by news that the firm had obtained a BitLicense and a Money Transmission License from the New York State Department of Financial Services.
🇺🇸 PayPal expands PYUSD stablecoin to 9 new blockchains through LayerZero integration. The integration utilizes LayerZero’s Stargate Hydra bridge system to provide broader access across multiple cryptocurrency platforms. It creates PYUSD0, a permissionless version that works on Tron, Avalanche, Aptos, Abstract, Ink, Sei, and Stable.
🇺🇸 Kraken taps Trust Wallet to expand Backed xStocks’ tokenized equities. In an announcement, Kraken said it is “bringing interoperable tokenized equities to over 200 million users across the world” by extending xStocks to Trust Wallet users, who will be able to trade tokenized equities through Backed, a provider of collateralized on-chain assets.
🇪🇺 MiCA under pressure as national regulators challenge passporting. The EU’s landmark crypto law was meant to unify the market with a single license. Less than a year in, diverging national approaches are raising fears of regulatory arbitrage and uncertainty.
🇵🇹 Bit2Me is the first Iberian exchange to operate legally in Portugal under MiCA. This authorization represents a milestone that allows Bit2Me to grow solidly in the country, offering a safe, accessible, and fully regulated experience for those who want to invest in or use crypto assets, says Leif Ferreira, CEO and co-founder of Bit2Me.
PARTNERSHIPS
🇺🇸 Introducing Kraken launch, powered by Legion. The vision for Kraken Launch is to support project teams throughout their token journey by offering services before, during, and after token sales. Keep reading
🇮🇳 Pay Rupy partners with BRISKPE to expand into cross-border payments. The partnership delivers a one-stop solution for domestic and international money movement, bridging Bharat´s digital economy with global markets through innovation, trust, and compliance.
DONEDEAL FUNDING NEWS
🇸🇦 Saudi FinTech Bwatech nabs $16 million in funding. The funding will accelerate Bwatech’s growth and expand its presence in the Saudi market, strengthening its position as a leading provider of FinTech solutions that enhance corporate and banking efficiency.
🇺🇸 Numeral empowers growing e-commerce & SaaS brands with complete end-to-end sales tax automation backed by $57m in funding. The announcement follows a year of rapid growth for Numeral, which has processed over $5 billion in transaction volume, filed 150,000 sales tax returns, and achieved 3.5x year-over-year revenue growth.
🇸🇬 Grab injects additional US$60 million into GXS Bank. This marks the third time in under two years that Grab has injected capital into GXS. Fresh funding marks Grab’s third capital infusion in under two years, bringing total investment to about US$311 million.
🇩🇪 Kertos raises €14M to build Europe’s compliance desk. The company plans to enhance automation, expand its Trust Graph, and advance its vision of next-generation compliance, peer-to-peer, automated, outcome-driven, and inherently trusted.
🇸🇦 MoneyMoon raises $2.9M in pre-series A to expand Saudi Arabia’s Sharia-Compliant P2P lending platform. The company aims to boost financial inclusion and deliver innovative, secure digital banking experiences, aligning with Saudi Vision 2030 objectives to grow the financial sector and foster innovation.
🇸🇦 Merak Capital invests $1.2 million in Saudi FinTech Bynow to accelerate product development and expand regionally. The company is also developing broader products for automating accounts receivable and payable, aiming to simplify intercompany payment processes that are often handled manually.
🇺🇸 Splash Financial bags $70M Series C, launches HELOC offering. Splash CEO Steven Muszynski stated that the new equity capital will help expand their network of credit unions and banks, providing partners with the necessary tools to reach more borrowers and improve the lending experience.
🇺🇸 Iris Finance raises $6.2M to scale AI-native CFO platform for CPG brands. The new funding will further fuel product innovation to eliminate the latency gap of waiting on end-of-month accounting closes to make financial decisions, support the company’s growing client base of CPG brands, and expand go-to-market initiatives.
M&A
🌍 FinTech veteran Ezypay acquired by US payments firm Xplor. Xplor Pay President Matt Morrow said that integrating Ezypay’s capabilities will enable SaaS platforms to enter the Asia Pacific region more easily, streamline operations across multiple markets, and offer a more unified and consistent consumer experience.
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