Payment company Klarna pauses IPO because of Trump Rate struggle

Payment service Klarna is not going on the stock market for the time being, reports The Wall Street Journal Friday. The Swedish company announced an upcoming corridor to the New York stock exchange last month, but is suspended for the time being. With this postponement, the payment service wants to prevent the blood -red international stock exchanges from becoming a victim as a result of the rating struggle unleashed by US President Donald Trump.

Klarna, which has 150 million customers worldwide, is a so-called payment-on-credit service. The service gives users the opportunity to be able to pay spread. This not only applies to large purchases such as a car, but also to a piece of clothing from a web store. In the United States it is even possible to buy a hamburger or pizza on installment (up to four installments).

This Monday Klarna would put his first market shares on sale, but that will not happen now. Investors must therefore wait until the stock market cools down. Trump’s worldwide rates has caused great volatility on the market. Klarna did not announce when her IPO is now planned.

A payment with a payment service such as Klarna or Riverty (formerly afterpay) works according to a microcredit system. With a payment via the service, users take out a (small) loan. The company then takes care of the purchase, but as a user you are in red by the microcredit provider, while you do not pay any interest on this loan.

Until you cannot meet your payment obligation, the costs will rise. A way often Young people in financial trouble get. Which makes even more households – out figures from the Central Bureau of Statistics It now appears to be 726,210 – end up in the problematic debts.

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