Klarna’s losses worsen as provisions jump ahead of IPO August 14, 2025 Buy now, pay later giant Klarna reported a surge in losses for the second quarter as provisions for possible bad loans climbed higher. The Swedish fintech unicorn posted a 64 per cent jump in provisions to $174m (£128m), up from $106m for the same period in 2024. This helped offset revenue growth of 20 per [...]
Klarna to revive New York IPO attempt as soon as September July 31, 2025 Swedish fintech Klarna is gearing up for a second swing at a public listing in New York after original plans were derailed by the market meltdown following President Donald Trump’s tariff onslaught. The buy now, pay later (BNPL) giant is aiming to launch on the US stock market in September or October if market conditions [...]
Klarna’s AI push takes centre stage ahead of IPO July 30, 2025 Klarna seems to be making all the right steps about its AI ambitions, but is the Swedish fintech giant genuinely building an AI-first model for its users or simply crafting a compelling narrative for its much-anticipated IPO? “I’m not sure it gets a choice in the matter” Chris Jones, managing director at PSE told City [...]
Klarna receives regulatory approval to take on Monzo and Revolut July 30, 2025 Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut. The licence will allow Klarna to offer its 11 million UK customers savings accounts and also pave the way for a debit card launch. Abby Vickers, Klarna’s head [...]
No jobs in 30 years? UK tech leaders push back on Musk’s AI claims June 10, 2025 Elon Musk’s bleak prediction that “there’s not going to be any jobs for anyone” in 30 years has come under heavy fire from some of the UK’s leading AI figures at London Tech Week. Instead of sounding an alarm for mass unemployment, UK experts argued for transformation and a new focus on control over AI, [...]
FCA boss: Buy now, pay later regulation is a trade off June 10, 2025 The chief executive of the Financial Conduct Authority (FCA) said the new clamp down on buy now, pay later (BNPL) regulation would be a “trade off” as he faced a grilling from MPs. Nikhil Rathi, who was reappointed as the regulator’s boss in April, told the Treasury Committee the crackdown would have “beneficiaries and downside [...]
Klarna boss: AI will lead to recession and mass job losses June 7, 2025 The introduction of AI at firms could lead to a recession due to mass job losses of professionals, Klarna’s chief executive has warned. The use of AI to make work more efficient has been encouraged by leading figures, including the government itself which said it could save civil servants two weeks a year. But fintech [...]
Has Klarna’s buy now, pay later bubble burst? June 6, 2025 Buy now, pay later services have exploded in the last decade and industry titan Klarna has spearheaded growth. The global BNPL market is expected to top $560.1bn (£412.8bn) in 2025 with 13.7 per cent annual growth. Swedish fintech Klarna has historically dominated the space, notching a net operating income of $1.087bn in 2020. The firm [...]
Klarna and Zilch shrug off buy now, pay later crackdown with card launch June 3, 2025 Klarna and Zilch have shrugged off a government crackdown on by buy now pay later payments after launching landmark partnerships with payments giant Visa to introduce physical cards. Commerce network Klarna has begun piloting “Klarna Card” which aims to offer consumers greater spending flexibility without the pitfalls of traditional credit cards. The card will use [...]
What will stricter buy now pay later regulations mean for Klarna? May 20, 2025 The government is clamping down on the “wild west” of buy now, pay later (BNPL) but this could spark trouble for industry veterans in a competitive sector. The Treasury is set to bring BNPL providers under the supervision of the Financial Conduct Authority, meaning they will have to adhere to the stricter frameworks of the [...]