US shoppers behind Klarna’s recent platform transaction boom May 28, 2021 Swedish ‘buy now, pay later’ company Klarna has reported a jump in transactions using its platform in the January to March quarter, helped mainly by growth in the United States. Klarna’s gross merchandise volume (GMV) – the value of transactions made using its payment platform – nearly doubled to $18.9bn in the first quarter from $9.9bn a [...]
Klarna mulls London stock market float after post-Brexit listing revamp May 21, 2021 Klarna is weighing up a potential stock market float in London, but has said its decision will rest on changes to listing rules in the capital after Brexit. Chief executive Sebastian Siemiatkowski said London had the opportunity to strengthen its reputation as a global financial hub by attracting more fintech firms and banks. “As Brexit [...]
Klarna to buck pandemic trend and take on more UK office space May 3, 2021 Klarna plans to take on more office space as part of a push to double its British workforce and launch more banking products. The buy now pay later firm will take new headquarters in an 11,000 sq ft WeWork office in Holborn and expand its existing space in Manchester. The firm is also looking at [...]
City watchdog to crack down on ‘buy now pay later’ firms February 1, 2021 The City watchdog is preparing to move in on so-called buy now pay later firms such as Klarna following a review of the unsecured credit market. The Financial Conduct Authority (FCA) will this morning publish a report by interim chief executive Chris Woolard recommending that the sector be brought under the regulator’s remit, Sky News [...]
Advertising watchdog bans Klarna Instagram ads December 23, 2020 The advertising watchdog has banned several Klarna shopping adverts that appeared on Instagram and encouraged consumers to use Klarna to shop and ‘boost their mood’. The Advertising Standards Agency (ASA) has banned Klarna’s Instagram campaign from appearing again, and warned the influencers involved to not “irresponsibly” encourage the use of Klarna’s deferred payment service. The [...]