Klarna’s Road to the US Markets | CEO Sebastian Siemiatkowski

In the US, when you're in debt, you get forgiven fairly easily. In Sweden, if you don't pay your bills, eventually the

government will go to your employer and take the money before you get your salary. Oh, wow.

That's how inefficient they are. Our idea was simply to bring this mail order payment method into the digital world

like a bill me later option where a lot of the merchants didn't want to offer it because they were like, what if the customer doesn't pay? What if it's

fraud? So we like okay we'll take that risk and underwrite it and do all of that just because of how the Swedish system works