Further extending its lead as ‘Europe’s most valuable fintech’.
Swedish fintech startup Klarna, who along with Revolut are valued as the highest fintechs in Europe, took an annual loss...
The company reported an increase in profits and sales last year which were helped by growth in the Nordics and Germany; Klarna processed €18bn in transactions last year which was an increase of 42%; the company partnered with Asos, Topshop and JD Sports in the UK to drive further growth; in the US they have partnered with Microsoft. Source
The buy now/pay later craze already has retailers demanding lower fees, according to Klarna.
Starting June 1, Klarna will share data on whether Brits paid off a buy now, pay later loan in time to the credit bureaus TransUnion and Experian.
Buy now, pay later (BNPL) giant Klarna will start reporting data on customers' usage of its products to credit bureaus in the UK.
The ‘buy now, pay later’ giant was valued at $45.6bn in 2021.
Klarna CEO Sebastian Siemiatkowski gives a daily update each day on how the company is doing during the crisis and...
SoftBank and Silver Lake are poised to be among the biggest losers betting on the fintech start-up after it took a dramatic cut in valuation to raise fresh funds.
SoftBank and Silver Lake are poised to be among the biggest losers betting on the fintech start-up after it took a dramatic cut in valuation to raise fresh funds.