Klarna's Evolution: From Buy Now, Pay Later to Neo Bank

Sebastian Simi-Ekovsky, CEO and co-founder of Klarna, discusses the company's journey from a global payment method to becoming a Neo bank. Klarna, known for its buy now, pay later service, has expanded its offerings and aims to disrupt the financial services industry. Simi-Ekovsky highlights the challenges of managing a rapidly growing organization and the importance of adapting to market changes. He emphasizes the massive potential for disruption in the banking industry and the need to balance growth with efficiency. Klarna's recent valuation adjustment and layoffs demonstrate the company's commitment to adapting to the changing market landscape.