Millions of U.S. consumers looked to stretch their dollars and avoid taking on new credit-card debt during the coronavirus pandemic. In 2020, they flocked to “buy now, pay later” offers from fin-tech companies. But how do they work? One of those companies, Klarna, just made a big splash at the Super Bowl. Joining Joe this week is David Sykes, the Head of Klarna in the U.S. David explains Klarna’s business model, why BNPL companies have exploded in the past year, and the difference between consumers in Europe and the U.S.
About David Sykes:
David leads Klarna US and is responsible for Klarna’s growth in North America. Prior to joining Klarna, David was one of the founders and Chief Operating Officer at QuadPay, an alternative payment provider.
David has more than 10 years’ experience in senior executive roles across a range of industries including online payments, gaming and entertainment, sports and law.
Before entering the payments industry, David split his time between one of Australia’s largest private family offices and their major investment, one of Asia’s most successful integrated resorts companies.
Hosted By: Joe Pardavila