Getting stuck at an airport because your flight was delayed or cancelled is a nightmare. Michael Schneider, CEO of Service, was with us to share how his app helps flyers recoup money on these flights.
While compensation for weather-related delays varies by airline and frequent flyer status, Service syncs with your inbox to find flight delays or cancellations from the last 12 months of travel. Schneider explained how the company files a claim on the user's behalf. The average user saves over $300 per year with Service, according to Schneider.
Service has over 100,000 users and is adding over 10,000 more each month. The app handle hundreds of claims per day on behalf of its users. Schneider explained that the company charges 30% of the value of what it returns to users.
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Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
