More startups are being spun out of Klarna than any other European fintech unicorn

Published On Oct 22, 2024, 3:00 AM

A new report from Accel highlights that Klarna has produced more startups than any other European fintech unicorn, with alumni launching 62 new ventures. In contrast, other fintech companies like Revolut and Wise have generated fewer new startups from their former employees. This trend showcases Klarna as a 'founder factory', fostering an environment that nurtures talent capable of establishing their own firms. Despite a recent workforce reduction and focus on automation, Klarna's potential for generating entrepreneurial talent remains strong and is expected to continue.