Olivia Rubin enters buy now pay later space with Klarna

British fashion designer Olivia Rubin has signed up for Klarna’s Pay in 3 solution.

This allows customers to spread the cost of purchases over three equal payments. The first one is collected when an order is confirmed by Olivia Rubin and instalments two and three are scheduled 30 and 60 days later.

Private forever?

At the tail end of last year, Klarna’s CEO refused to rule out taking public Europe’s most valuable FinTech venture, although another funding round was also a possibility.

A $460 million investment pegged the company’s worth at $5.5 billion back in August. Asked by TechCrunch to confirm that it had raised $1.2 billion altogether from investors, Sebastian Siemiatkowski quipped: “It sounds like you know better than I do”.

As for going public, he said: “It was kind of funny, because I was reading an interview with Michael Moritz, who’s on our board, and he was saying that we were going to stay private forever. So, I don’t know, it’s hard for me to know what’s true anymore. People are reporting different things about Klarna.”

When asked about the possibility of another private round, Siemiatkowski commented: “We are in a very exciting phase right now, where the US and UK is growing so fast for us. . . And we want to continue investing. We think the potential market in in the US is just massive.”

He continued: “So we’ll see what happens, but I wouldn’t rule it out, that one thing that could happen is raise even more money to be investing even more in growth and product delivery, and new products and services, as well as sales and marketing in the US.”