through the option of getting interest-free credit. So thesemerchantsare seeing higher order value and more spending. Roughly 20% of thespendingvolume for Klarna is now coming through our own app, but it allows the merchants to keep operating their own websites, so they can control how...
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When fund sizes increase, the firms get “institutionalized”. The risk tolerant house-money-effect is diluted and replaced by hard data seeking I-cannot-be-fired-from-investing-in-a-Klarna-product-manager conviction making. But if the house-money-effect is underpinning venture capital, what happ...