Klarna Seeks Green Light to Become a US-Chartered Bank

Klarna has become the latest FinTech aiming to become a regulated U.S. The Swedish company announced Monday (July 6) that it had applied to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to establish Klarna Bank USA, its proposed Utah-chartered industrial bank. “Banking is built on trust,” Sebastian Siemiatkowski , co-founder and CEO of Klarna, said in a news release.