Klarna pushes for £12bn float with new British firm November 4, 2023 Klarna, the 'buy now, pay later' finance giant, is setting up a new British holding company, according to media reports.
Klarna global boss doubles down on UK investment despite regulation uncertainty September 5, 2023 Buy-now pay-later giant Klarna will double down on a UK investment drive despite lingering uncertainty around a clampdown on the sector by regulators this year, its global chief has pledged. Sebastian Siemiatkowski, founder and chief of the Swedish fintech, told City A.M. that the UK remained a key market for the firm despite a push [...]
Klarna closes losses and touches monthly profit as cost-cutting drive bears fruit August 31, 2023 Buy-now pay-later giant Klarna has slashed its losses and touched profitability for the first time this year after rolling out a hefty cost-cutting programme and driving down the amount of customers defaulting on payments. In its half year report today, Klarna revealed it had closed its losses to SEK 2.115bn (£153m) from SEK 6.37bn last [...]
Klarna going ‘all in on AI’ to fuel super-app push August 21, 2023 Klarna is “going all in on AI” as it looks to push beyond its buy-now pay-later bread and butter and take on banks on cheap lending, its global chief said.
Former Klarna chief joins Treasury-backed fintech body June 20, 2023 The former UK chief of Klarna has joined the board of the government-backed Centre for Finance, Innovation and Technology as the group looks to spur an “aggressive” push for the UK’s fintech sector.
Klarna UK boss quits but predicts BNPL firm will “trailblaze” in payments and banking May 19, 2023 Klarna’s UK boss Alex Marsh announced today that he was stepping down having been at the firm for four and half years. Marsh, who joined Swedish buy-now pay-later (BNPL) firm Klarna in 2018, described his time at Klarna as “nothing short of phenomenal”. However, he said that a recent family tragedy has “brought home that [...]
Buy-now pay-later firms braced for clampdown as Treasury looks to grant regulator new powers February 13, 2023 The government said it will give City watchdogs the power to “clamp down” on buy-now pay-later firms this year as it prepares to publish a much-delayed update on the scope of regulation around the sector tomorrow morning. The Treasury will lay out the details of regulation that will include plans to bring firms like Klarna, [...]
Exclusive: Brits turn to buy-now pay-later to fund spending amid cost of living crisis February 9, 2023 Brits are turning to buy-now pay-later products to fund online spending amid a cost of living squeeze that is eroding their disposable income rapidly, exclusive research shared with City A.M. reveals. Nearly £1 in every £8 spent online last month was sourced from buy-now pay-later providers, according to research by Adobe Analytics. The proportion is [...]
BNPL: Usage of buy-now pay-later with firms like Klarna rockets – but does it ease shoppers’ cost-of-living burden? January 11, 2023 Buy-now pay-later usage rocketed last year as over four million new shoppers took to the products in a bid to shield their wallets from the soaring cost of living, new data shows.
Klarna targets 2023 profits despite swelling losses November 30, 2022 Buy-now pay-later giant Klarna said it was targeting profitability in the second half of 2023 despite losses nearly doubling in the third quarter of the year. In its third quarter results today, the Swedish-headquartered fintech firm said losses had swelled to SEK 2.13bn (£170m) in the three months to the end of September, up from SEK [...]