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Klarna Chief Claims Six Million New Customers Per Year

PYMNTS

The CEO of online split payments company Klarna, Sebastian Siemiatkowski, gave a lengthy interview to a news outlet about the future of the company and where he plans to take it. Klarna is a 15-year-old company that has a valuation of over five billion dollars. they don’t have credit cards … 70 percent of millennials in the U.S.

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B2B eCommerce Tips The VC Scales

PYMNTS

India’s FinBox landed an undisclosed amount of pre-Series A funding, reports in Inc42 said this week, with investors at Arali Ventures leading the investment in the credit risk management technology startup. FinBox plans to use the investment on product research and development. Australia’s ANZ Bank led a $1.56

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Transcript: David Snyderman, Magnetar Capital

Barry Ritholtz

What, what was the career plan? So I remember writing the merger, our business plan there. What happened over the last year and a half or so is rates went up and valuations went down. Either you have the asset and the credit risk, I would imagine. This is the product that, that allows them to transfer credit risk.

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Girding for the $17 Trillion Negative Interest Rate Debt Trap

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We’re in the midst of a currency war, he said, and he added that the planned economy that has been China’s hallmark is one that is too complicated to avoid overextending debt to its domestic corporations (and where those firms need to sell a lot to make their investments in plant, property, equipment and workers pay off).

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Transcript: Greg Davis, CIO Vanguard

Barry Ritholtz

And when you saw the US Ag down 13% last year, for folks, again, who are investing for retirement and in their 529 plans, they’re not concerned about it. And you had to take on significant duration risk and credit risk just to earn a couple percentage points. DAVIS: That’s exactly it. RITHOLTZ: Right.

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Transcript: Sean Dobson, Amherst Holdings

Barry Ritholtz

And up until that moment in time, we didn’t spend a lot of time on credit risk in mortgages. We didn’t really have to model credit risk because that was, that risk was taken by the agencies. But in these private labels, you had the, the market was taking the credit risk.

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Transcript: Ted Seides

Barry Ritholtz

Was that the plan or was he just going to announce it? That was never part of the plan, didn’t happen. The challenge is unlike the S&P 500, hedge funds sit in a box that has underlying credit risk from prime brokers. So the credit markets froze. It’s part of their own tax planning.