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Fintech Giant Partners with Checkin.com for User Identification - Shares Surge by 17%

A notable fintech firm, most likely Klarna, is now using Checkin.com's software, translating to revenue generation. Prompted by the news, the company's shares soared by 17%.

Fintech Giant Partners with Checkin.com for User Identification - Shares Surge by 17%

⚡️ Quick: A notable fintech firm, most likely Klarna, is now using Checkin.com's software, translating to revenue generation. Prompted by the news, the company's shares soared by 17%.

A high-profile fintech company now utilizes Checkin.com's software, marking the deal as revenue-generating. The customer handles around half of all online purchases in Sweden and has a significant presence in Europe and the U.S., boasting 150 million consumers and 500,000 retail partners globally. This partnership allows the software to identify end-users, promising potential for future growth. The news sparked a stock price surge, with shares shooting up 17%.

💡 Why this matters: This strategic partnership between Checkin.com and Klarna is positive. However, the perceived market optimism may be premature given the lack of financial details, posing risk of overreaction in stock movements.

In Q3, the company had 136 revenue-generating partners, with an average monthly revenue per partner of 730k SEK. Even if the new deal with Klarna is materially more considerable than the average customer, we see the share spike as an overreaction when there is so little financial information.

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