Archive — US — techcrunch
Klarna and Deel eye IPOs, and Stripe embraces crypto
Klarna plans a U.S. IPO targeting a $15 billion valuation, down from its peak of $45.6 billion in 2021, while embracing crypto. Deel is preparing for its own IPO with a $800 million revenue run rate. Stripe's acquisition of Bridge for $1.1 billion highlights its shift into crypto. Other startups are also garnering attention, showcasing the evolving fintech landscape.
Key points
- Klarna aims for an IPO in April 2024, with a target valuation of $15 billion.
- Deel reports a 70% growth rate with an annual revenue run rate of $800 million and plans an IPO.
- Stripe acquires stablecoin platform Bridge for $1.1 billion, its largest acquisition to date as part of its crypto strategy.
- Khazna secured $16 million in pre-Series B funding, focusing on low- and middle-income workers.
- Bench, a cloud accounting startup, filed for bankruptcy due to a liquidity crisis, highlighting risks in startup financing.
Why it matters
- The rise of fintech IPOs reflects increased investor interest and maturing business models post-pandemic.
- Klarna and Stripe's embrace of crypto aligns with a growing trend in 2025 where digital currencies and blockchain technology are becoming mainstream.
- Deel's successful run highlights the demand for remote work solutions amid shifting workplace dynamics.
The movements of Klarna, Deel, and Stripe indicate a transformative phase in fintech, with IPO plans and crypto integration setting the stage for future market developments.