LOS ANGELES, CALIFORNIA – FEBRUARY 23: Paris Hilton attends the Klarna & Paris Hilton House of Y2K … [+] Launch Party on February 23, 2023 in Los Angeles, California. (Photo by Jon Kop...
Tag: Klarna
Buy-Now Pay-Later Revenues Surge Up 70% Ahead Of The Holidays
Businessmen holding a smartphone with icons of BNPL with online shopping icons technology. BNPL Buy … [+] now pay later online shopping concept. getty Consumers don’t always realize Buy now, pay...
Klarna Creates New Platform to Connect Retail Clients with Influencers
The Creator Platform from Klarna takes a somewhat different model from its BNPL primary offering. Swedish financial technology company Klarna Bank AB has announced it has created a new platform where ...
Klarna losses triple after aggressive U.S. expansion and mass layoffs
The logo of Swedish payment provider Klarna. Thomas Trutschel | Photothek | Getty Images Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news f...
Why Regulation Will Help The Buy Now, Pay Later Giants
Rather than slowing growth in the BNPL sector, regulatory scrutiny will help it grow up by shutting out smaller lenders, boosting the industry’s reputation and integrating it into the credit reporting...
Klarna valuation cut to $6.7 billion in $800 million fundraise
Klarna, the Swedish fintech company, has raised $800 million in common equity at a $6.7 billion post-money valuation, the company announced on Monday. The backing comes from existing investors such a...
Klarna valuation plunges 85% as ‘buy now, pay later’ hype fades
Currently, most buy now, pay later services don’t impact a person’s credit score. That’s now set to change in the U.K. Jakub Porzycki | NurPhoto | Getty Images Klarna saw its valuati...
The Worst Performing Mid-Cap Stocks Of The First Half Of 2022
Peloton shares are down 74% this year and close to 95% from their peak. Getty Images The U.S. stock market wrapped up its worst first half since 1970 on Thursday, falling 21.1% since the year began an...
Forget Klarna? Investors bet new startups will in ‘buy now, pay later’
Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn’t comment on “spe...
European Fintech Klarna to Lose Two-Thirds of Its Valuation, Seeks $500M Fundraise
Not so long ago Klarna was planning to raise $1 billion, which would bring its valuation to a 30 billion range. Tech funds are certainly not what they used to be anymore, and top European fintech firm...
Apple To Take On Affirm And Klarna With Entry Into Buy Now Pay Later
Getty Images Key Takeaways Apple held its WWDC keynote on Monday, announcing iOS 16, the new M2 chip and multiple other new features and technology They also announced a foray into the Buy Now Pay Lat...
Apple is offering ‘buy now, pay later.’ 4 reasons to think twice before signing up
After months of speculation, Apple AAPL, -0.45% finally unveiled its buy now, pay later offering this week, wading into an industry that’s experienced explosive growth. But consumers should be wary of...
Affirm and Klarna ramp up competing efforts to attract US consumers
Welcome to The Interchange, a take on this week’s fintech news and trends. To get this in your inbox, subscribe here. Buy now, pay later has become nearly ubiquitous here in the U.S. As such, companie...
Klarna to lay off approximately 10% of its workforce
Buy now, pay later (BNPL) firm Klarna will let go of 10% of its workforce globally as the company suffers amid a worsening economic outlook, according to a statement issued by the company. KlarnaR...
Klarna to report buy now, pay later data to UK credit bureaus
Buy now, pay later giant Klarna says it will start reporting data on customers’ usage of its products to credit bureaus in the U.K., gearing up for incoming regulations aimed at reining in the s...
Klarna Launches New Division for Its Banking Business Platform
Klara’s journey into the open banking space began back in 2014 when it acquired Sofort, a German direct bank to bank payment service. Swedish fintech firm Klarna has created an open banking subdivisio...
Inside Flat Capital, the little-known investment company founded by Klarna CEO Sebastian Siemiatkowski
Quick Take In her first English language interview, Flat Capital CEO Hanna Wachtmeister lifts the lid on going public, the firm’s investment strategies, and why crypto isn’t likely to be on the horizo...
Klarna launches physical card in the UK
LONDON — Swedish fintech firm Klarna is embedding its “buy now, pay later” service into a physical card in the U.K. The company on Wednesday announced the launch of Klarna Card, a Visa car...
Super Apps Or Smart Wallets?
What’s the best way to manage relationships? There’s plenty of talk of super apps around at the moment as a variety of players attempt to become the western equivalent of the Asian app giants su...