Revolut CEO Would Like to Buy Klarna. He’ll Battle It Instead

Revolut Ltd.’s hard-charging boss Nikolay Storonsky has his eyes on the booming “Buy Now, Pay Later” industry as he plans to compete with Swedish startup Klarna.

“Which company would I like to buy? For any budget?” the British fintech’s chief executive officer said in an onstage interview with Bloomberg News at this week’s AI Summit in London. “Maybe I would buy Klarna, it’s a great business.”

While Storonsky was only indulging in some lighthearted fantasy M&A, his intentions toward the so-called BNPL market are serious: He said Revolut was likely to launch a product to rival Klarna in Europe ...