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09.12 - 14:58
$46 billion fintech Klarna sees losses quadruple amid surging demand for buy now, pay later
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LONDON — Swedish fintech start-up Klarna saw its losses balloon in the first nine months of 2021, as costs increased sharply amid rising demand for buy now, pay later services.
The Stockholm-based firm posted a pre-tax loss of 3.1 billion Swedish krona ($344 million) from January to September, a fourfold increase from the 800 million krona it lost in the same period a year ago.
Klarna, which was last privately valued at $46 billion, reported net operating income of 9.8 billion krona, up 40% from
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