Illustration: Tiffany Herring/Axios
BNPL company Klarna has sold off assets of Hero, an e-commerce expert platform, for roughly $1.3 million.
Why it matters: Companies have started divesting some aggressive bets made during the ZIRP era.
Zoom in: Hero, which sells personalized shopping via chats and video calls, was acquired in 2021 for about $160 million, per the Wall Street Journal.
Between the lines: This all comes as Klarna is seeking to shape up for a potential IPO.
State of play: Klarna's sale of Hero follows FIS divesting a majority stake in Worldpay this year.
Editor's note: The story and headline have been updated to clarify that Klarna sold Hero's assets but retained more than 100 employees.