Klarna losses more than triple as costs soar Klarna Losses at buy-now pay-later giant Klarna more than tripled in the first six months of the year as the Swedish fintech was hit by soaring employee costs and rising credit losses as it ramped up its expansion in the US.
Klarna says BNPL can offer ‘better value’ for essentials amidst cost of living crunch Buy-now pay-later Klarna has doubled down on the use of buy-now pay-later for essentials like groceries after debt charities and the regulator warned over the promotion of the products amidst a cost of living crunch this year.
Chrysalis portfolio slides 23 per cent as Klarna plunges in value Tech slide Prolific tech investor Chrysalis Investments said the value of its portfolio had plunged 22.8 in the second quarter of the year as its stakes in firms including Klarna and Starling tumbled in value.
Klarna to unveil $800m fundraising round with backing from Canada’s largest pension fund July 11, 2022 Klarna is set to reveal an $800m fundraising at a valuation below $6bn, it has been reported, with a potential backer including Canada’s biggest pension fund. The fintech giant could announce this week that it has clinched funding from existing and new investors, according to a Sky News report. The Canada Pension Plan Investment Board [...]
Klarna looks to raise cash at slashed valuation of $15bn June 17, 2022 Buy-now pay-later giant Klarna is looking to raise fresh cash at a slashed valuation of $15bn, according to news reports.
Buy-now pay-later payments surge to $120bn after e-commerce take-up May 26, 2022 Payments via buy-now pay-later products (BNPL) rocketed to $120bn last year after a surge in adoption by e-commerce giants like Amazon and Shopify, fresh data has revealed.
Klarna pulling back from growth to focus on profits, boss says May 26, 2022 Buy-now pay-later giant Klarna is shifting away from a high-growth strategy to focus on a fast-track route to profitability, boss Sebastian Siemiatkowski said today.
Klarna-backed £1.8bn lawsuit fights Google search engine manipulation February 7, 2022 Swedish price comparison firm PriceRunner said it was suing Alphabet-owned Google for about €2.1bn (£1.8bn), the latest firm to take legal action alleging the search giant manipulated search results.
Downing street launches charm offensive to woo Klarna into London listing February 1, 2022 Downing Street is attempting to woo buy-now pay-later giant Klarna into a London-listing over fears that high-growth firms may snub the city for New York, according to reports.
Buy Now Pay Later firm Klarna claims ‘credit cards pose the real risk’ January 7, 2022 Klarna has claimed credit card providers pose a bigger risk to consumers as Government prepares to clampdown on the BNPL sector.