Swedish fintech company Klarna on Friday reported a 24% surge in 2024 revenue, as the buy now, pay later pioneer made public its paperwork for a long-awaited stock market debut in the U.S. Fintech listings soared in 2021 but lost momentum due to rising interest rates and steep valuations.

In today’s IPO filing, the company disclosed that more than 675,000 merchants have adopted its service to date. Those companies use Klarna to process payments for 93 million customers. The platform’s gross merchandise value, the combined dollar value of the transactions it processes, reached $105 billion last year.

Swedish fintech Klarna took the next step in its highly anticipated U.S. IPO on Friday when it made its F-1 public. Here are the top take-aways. Swedish fintech Klarna took the next step in its highly anticipated U.