Klarna’s IPO Price Jumps and other Digital Transactions News briefs from 9/12/25
Digital Transactions News staff
September 12, 2025
Acquiring, Competitive Strategies, Credit Cards, E-Commerce, Fraud & Security, Issuing/Originating, Mobile Commerce, Point-of-sale, Radio Frequency Technology, Transaction Processing
- Klarna Group plc, a Sweden-based buy now, pay later platform with major U.S. operations, said its initial public offering closed with 34.3 million shares outstanding at an IPO price of $40 per share. Klarna closed at $42.74 per share after the first day of trading Thursday.
- Alipay said its Alipay Tap! contactless-payment service has reached 200 million users in China since its launch in June last year. The product relies on QR code technology.
- Financial-services firm Atlanticus Holdings Corp. announced it has acquired credit card platform Mercury Financial LLC for $162 million in cash. The deal brings to Atlanticus 1.3 million credit card accounts, moving its card account total to more than 5 million.
- PoolPay.ai has launched in Phoenix as an online payments platform for pool-service companies.
- LegitScript, a risk-management platform, appointed Dan Frechtling senior vice president for product and strategy. Frechtling has previously served as chief executive of Boltive and president of G2 Risk Solutions.
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