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Klarna Resumes IPO Prep After Pandemic-Driven Delay
15 Aug
Summary
- Klarna postponed IPO in April due to market volatility
- Klarna user base grew 31% to 111 million in Q2 2025
- Klarna added 202,000 new merchants in past 12 months
In the second quarter of 2025, the Swedish-based BNPL provider Klarna reported strong user growth and merchant expansion, even as it prepares to become a public company.
Klarna's active user base increased by 31% to 111 million in Q2 2025 compared to the same period last year. The company also added 202,000 new merchants to its network over the past 12 months, including a partnership with Walmart's OnePay Later service and a deal with online retailer eBay. By the end of the quarter, Klarna had 790,000 merchants using its BNPL solution, a 34% increase from the second quarter of 2024.
However, Klarna's path to going public has not been smooth. The company had initially filed its IPO plans with U.S. regulators in March 2025, but then abruptly reversed course the following month after the U.S. announced sweeping trade tariffs, leading to market volatility. But now, with stocks returning to record highs, Klarna has resumed preparations to move forward with the stock offering as soon as September 2025, according to a recent Bloomberg report.
