With the IPO on ice for the past few months, Klarna has focused on the banking push to boost revenue while shedding its image as a pandemic-era e-commerce phenom. The company plans to offer more customers debit cards—starting in the US this summer and across Europe this fall—and ultimately provide a full suite of banking services. Siemiatkowski has about 1 million cardholders today and predicts he’ll reach 10 million within a year. But his real goal is to create a worldwide lender, with every Klarna user carrying a card. “I’m here to disrupt the banks,” he says in an interview in June.