The three co-founders dropped out of school, started working on this. The idea like racing tons of money and burning through it before you became profitable is just not there. So we found a business angel. She was like, OK, look guys, we asked for $30,000 to become profitable. We spent 40. And then after that, we were profitable. Then the company was profitable for its first 17 years of existencebefore we had to go and compete in the US - which is costly.
This week Darrell and Becca are joined by Klarna’s Co-founder and CEO Sebastian Siemiatkowski to talk about how the company is expanding beyond by now pay later space to become a neobank. Sebastian walks us through his European startup journey, breaking into the US market, how the importance of calm leadership through a market downturn, and what’s next for Klarna.
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