Swedish buy now, pay later (BNPL) startup Klarna is on its way to becoming a public company. The fintech said on Wednesday that it has confidentially filed a draft registration statement with the U.S.

Swedish fintech company Klarna said it has filed for a long-anticipated initial public offering (IPO) in the U.S.

Swedish buy now pay later (BNPL) player Klarna has confidentially filed a draft Registration Statement on Form F-1 with the US Securities and Exchange Commission (SEC), indicating its plans for an initial public offering (IPO). The timing of the offering remains subject to the SEC review process and market conditions.