Swedish 'buy now, pay later' fintech giant Klarna reports sevenfold jump in losses - Business Insider

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Swedish 'buy now, pay later' fintech giant Klarna reports sevenfold jump in losses

in the US in June. It rewards customers for timely repayments, and is the first loyalty scheme of its kind in the buy now, pay later industry.

These sales are 44% higher than in the same period in 2019. The higher sales meant Klarna saw a total net operating income of 4.6 billion krona – a 37% rise from the year before. Klarna's popularity is also growing across western Europe and Australia — it credits this rise to its transparency and the financial flexibility it gives users.

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Buy now, pay later? Bro it’s called a credit card, they been around for a while.

Talk about scaling aggressively 🤷‍♂️

Shocking.

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