5 fintechs that could IPO after Klarna
Expert traders are working at the Swedish Fintech Klarna during the public offering of the New York Stock Exchange in New York, New York, dated September 10, 2025.
Brendan McDermid | Reuters
After the Swedish payment group Klarna 17 billion dollars of public offering, investors think which big Fintech will be the next name.
The Klarna increased up to 30% on the New York IPO day before settling about 15% higher. The stock fell to $ 42.92 until Friday, but the public offering price of $ 40 is still 7%.
The first exit showed how Wall Street was even more hospitable of bumper fintech lists. Before the Klarna, online trade platform Etoro, stablecoin exporter Apartment and crypto change Arrogance They all went to a positive reception on the first day.
The crypto exchange Gemini, founded by Cameron and Tyler Winvoss, increased by 14% on Friday in his public offering.
He told CNBC that “I think Klarna IPO will be seen positively by other scaled vendors.”
There is a crowded Fintech names pipeline that can be next to the public offering after Klarna. CNBC looks at which companies look most promising.
Strip
Patrick Collison, General Manager and Founding Partner of Stripe Inc., John Collison, president and founding partner of Stripe Inc., speaks in a television interview in San Francisco, California on Friday, March 23, 2018.
Bloomberg | Bloomberg | Getty Images
Digital payment company Stripe has been seen as a public offering competitor for years. Stripe has remained a private company in 15 years since it was founded, and the founders and brothers John and Patrick Collison have long been pressure for a long time to open the job to the public.
However, this does not mean that a stock market list is not in the mind of Strepe. Collisons said that Stripe would either decide to open up to the public to employees in 2023, or that employees would allow employees to sell shares through a secondary offer next year.
After all, a strip in January Secondary stock sales worth $ 91.5 billion, which is close to the company’s $ 95 billion peak valuation in 2021.
This does not mean that Strepe still cannot follow a stock market exit. Many Fintech Unicorn CEOs closely follow Klarna’s IPO performance for signs that it will be the right moment to list.
Revolut
Revolut CEO Nikolay Storonsky, November 7, 2019 at the web summit in Lisbon, Portugal.
Pedro Nunes | Reuters
Revolut is widely seen as a future fintech public offering candidate. Digital Banking Unicorn CNBC last week, recently employees in the secondary school market gave the chance to sell stocks in a 75 billion dollar valuation and put on some large British banks according to the market value, he said.
“As part of our commitment to our employees, we offer opportunities for regular liquidity to gain liquidity. He said. “An employee secondary shares are currently going on and we will not make any more comments until they are completed.”
The secondary tour offers a time to stay special for a longer time, while providing staff the chance to leave some of their presence. At the same time, Revolut is one of the most valuable private fintech companies in the world.
As for Revolut’s listed, the US seems to be the most likely place for now. The founder partner and CEO Nikolay Storonsky sincerely spoke sincerely about London’s preference for listing in the USA due to problems with the public offering market. Last year, he 20VC told Podcast Being open to the public in the UK “is not rational”
Monzo
It had reached recently 5.9 billion dollars valuation In the sale of secondary shares, the British Digital Bank Monzo is another contestant for public markets.
A report emerged early this year Sky News This said Monzo’s bankers to work on a public offering that could take place in the first half of 2026.
However, in a fire -head discussion in SXSW London, Monzo CEO TS Anil said that a public offering is not “what we’re focusing on right now” – it is worth drawing attention even though it returned in June.
Anil said, “What we focus is to scaling the work, continue to grow, double again, reach more customers, create more products, and continue to give great economic results behind it.” He said.
Anil did not comment on where Monzo would list for the public offering, but the company’s headquarters stressed that it was globally “deeply stable” in London.
Starling Bank
Raman Bhatia is the Chairman of the Executive Officer of Starling. Bhatia passed through Ovo Energy Ltd.
Zed Jameson | Bloomberg | Getty Images
Monzo’s rival Neobank Starling Bank reportedly thinks of the first public offering in the US as a part of the expansion plans there.
On Thursday, Bloomberg reported This Starling hired Jody Bhagat, former President of Global Banking in Technologies, a software company to manage the growth of the engine technology unit in the USA.
Starling was not ready to comment immediately when asked questions about listing plans by CNBC.
Last year, Starling’s CEO Raman Bhatia told Starling’s global expansion plans through a software platform that sells to other companies so that they can establish their own digital banks.
“Starling’s best – the registered technology, which is a registered technology,” He said.
Starling was especially worth £ 2.5 billion ($ 3.4 billion) in the last 2022 financing tour. However, reports, the company I want to get a valuation of 4 billion pounds In an upcoming secondary share sale.
Payhawk
Saravutvanset | Room | Getty Images
Although it is less known, Bulgaria’s Fintech, where the fintech, has been founded, also has public offering ambitions.
Expenditure management platform Worth $ 1 billion in 2022 And in 2024, he saw an annual increase of 85% income.
“We see that the public offering window is open,” CEO and founding partner, Hristo Borisov, in an interview at the beginning of this month to CNBC. However, he stressed, “We look more than a five -year horizon,” he stressed.
“If you look at most of the public offering, the majority of these public offices are $ 500 million to $ 500 million plus companies [annual recurring revenue]”He said Borisov.” This is our goal. “
Some honorary words
There are other Fintechs who look like potential public offering competitors – but the orbit looks less clear.
Blockchain company Ripple’s CEO Brad Garlinghouse in January last year CNBC Former Secretaries and Exchange Commission Chief Gary Gamsler under investigated an aggressive crypto enforcement regime, searched markets outside the United States for the public offering.
Thanks to President Donald Trump’s crypto stance, this can now change. Garlinghouse said last year that Ripple has put any plan for a public offering. The start was the last Worth $ 15 billion.
Germany’s N26 is another potential public offering competitor. The digital bank was worth $ 9 billion in the 2021 financing round.
However, he encountered some mishaps. N26 Founder Partner Valentin Stalf recently Resigned as CEO After encountering pressure on the regulatory failures from investors.
