Clarna CEO Sebastian Ciemiyatcovski held the first discussion of Wall Street after an evaluation of $ 19.5 billion on the company’s future and ‘The Claman Countdown’.
CEO of Clarna Sebastian Ciemiytcovsky said it was a “very special” moment when the company was evaluated $ 19.5 billion after the company went public on Wednesday.
Share of Purchase now later The company on Wednesday increased by more than 30% due to raising $ 1.37 billion in its initial public offer. The stock opened at $ 52 per share, which was more than its expected $ 40 pricing.
“This is a great marketing opportunity,” Ciemiyatcovsky on Wednesday told “The Claman Countdown”. “In the US, a credit card option has been sought. People are tired of being in debt, tired of high interest rates they charge and they want a better product.”
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The CEO of the company referred to a previous study that found that 20% of the American houses are doing financially good, but the credit card is “products of devils”.
He said, “They want a product that is easy to make installments, budget, easy to use, sometimes they can use a little credit for zero percent to pay some payments on a installment and are 20 percent of the 20 percent we are eating,” they explained.
Clarna has become a product that many people are using for their “everyday shopping”, said Ciaemiat Kovski.
Sebastian Ciemiyatcovsky, CEO of Clarna Holding AB, at the IFGS 2022 summit in Guildhall in London in 2022. (Getty Image / Getty Image)
Company visa operated Debit card There are 5 million people in the waiting list.
“If we too had reached five million, already, we would make us one of the really big cards issuers in the US,” he told hosts Liz Claiman. “So, this is some interesting start that we launched six weeks ago.”
American traders are very much paid to accept credit cards and Clarna is giving them an option, explaining to Ciaemiat Kovski.
“We are offering this to traders and they themselves are offering this to consumers. So it is paying traders for it because they see as they give 0% interest-free credit to people on installments, they are increasing their sales.”
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Sieemiatkowski touched its modest start and inspiration, inspiring them to pursue entrepreneurship.
“If you do something good for your customers, you are producing a lot of values for society, so it is inspiring,” they reflected.
