Klarna, a Swedish fintech company, is preparing for a potential US IPO in Q3 2024 with a target valuation of around $20 billion. The company has significantly reduced its net losses in 2023, reporting a 76% decrease and a gross profit in the US for the first time. Klarna's 2023 revenue increased by 22% year-over-year to approximately $2.28 billion, with a net loss of $241 million, down from $1.01 billion in 2022. Credit losses also decreased by 32% in 2023 to $369 million. Despite facing boardroom drama, Klarna is moving forward with its IPO plans.