Why Friction is Underestimated with Sebastian Siemiatkowski of Klarna

It has been nearly two decades since Sebastian Siemiatkowski
started Klarna, based on the simple idea of enabling customers to
pay how they'd like. Today, Klarna is a fintech giant on a mission
to revolutionize the retail banking industry. Headquartered in
Sweden, Klarna is now a fully licensed bank operating across 45
markets. The company has scaled to over 150 million active
consumers and over 450,000 merchant partners. Sebastian shares why
he thinks of Klarna as a digital assistant that saves people time
and money, why he thinks the banking industry will shrink (making
Klarna a larger player in a smaller industry), and how growing up
as a Polish immigrant in Sweden gave him a hunger for
entrepreneurship.