Here are the five fintechs that could be next to IPO after Klarna

Following the impressive $17 billion IPO of Swedish payments giant Klarna, the fintech landscape is buzzing with speculation about which companies might follow suit. Klarna's stock soared by as much as 30% on its debut in New York, ultimately closing 15% higher. Although it has since dipped to around $42.92, this is still a 7% increase from its initial offering price of $40. This successful launch has sparked renewed interest in fintech IPOs on Wall Street. Several companies are now seen as potential candidates for public offerings. Digital payments powerhouse Stripe has long been in the spotlight as a future IPO contender. Despite remaining private for 15 years, co-founders John and Patrick Collison have hinted at the possibility of going public or allowing employees to sell shares in a secondary offering by next year. Earlier this year, Stripe opted for a secondary share sale, valuing the company at $91.5 billion, just shy of its 2021 peak valuation of $95 billion. Revolut, another notable name in the fintech space, has also been vocal about its potential IPO. Recently, the digital banking unicorn offered employees a chance to sell shares on the secondary market at a staggering $75 billion valuation, positioning it among the top UK banks by market capitalization. A company spokesperson confirmed that a secondary round is in progress, allowing Revolut to maintain its private status while still providing liquidity options for employees. Meanwhile, British digital bank Monzo, currently valued at $5.9 billion, has reportedly engaged bankers for an IPO that could occur as early as the first half of 2026. However, CEO TS Anil emphasized that the company is prioritizing business growth over the IPO process at this time. Starling Bank, another key player in the UK fintech sector, is also exploring an IPO, particularly in the U.S. market. The bank has recently appointed Jody Bhagat to spearhead its Engine technology unit's growth in the U.S., as it aims for a valuation of £4 billion in an upcoming secondary sale. Less recognized but equally ambitious, Bulgarian fintech Payhawk is eyeing an IPO as well, having achieved a valuation of $1 billion in 2022. CEO Hristo Borisov noted that while they see the IPO window opening, they are planning for a five-year horizon before making that leap. Other companies like Ripple and Germany's N26 are also on the radar, though their paths to going public are less certain amid regulatory challenges and market fluctuations. Ultimately, the Klarna IPO has reignited hope among fintech firms eager to capitalize on favorable market conditions and attract investor interest.