![]() After their valuation, Klarna raised $650 million led by Silver Lake, Singaporean sovereign wealth fund GIC, and others. While that is not much in comparison to established companies like PayPal, which currently has a market cap of $238.227 billion, there are major signs that Klarna will be a major name sooner rather than later. For instance, the Swedish company, Klarna, has seen major growth in the recent past garnering an impressive $10.65 billion. With established platforms such as PayPal, Venmo, and CashApp, and newcomers like Quadpay, Klarna, and Affirm, what are the benefits of payment apps, and what does the future hold for them? Up and Coming Players and the Appeal of Payment AppsĪs more apps flood the market offering similar services, it is difficult to parse through and see what makes each unique and how they are then doing as a company. Especially considering the choice involved linking bank accounts or credit cards, the allure and potential downfalls of any given app-based payment platform has become more important as they become more integrated into the world. ![]() ![]() With more and more different companies entering the market, it has become increasingly difficult to decipher which ones are worth using and which ones are not. As digital payments become more and more commonplace in the modern era, the rise of app-based payment platforms has made major waves. ![]()
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