Klarna

Technology

Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY to ~$534M, driven by US GMV rising 71% in 2022, as the BNPL industry struggles (Financial Times)

[ad_1] Financial Times: Klarna reports a ~$1B net loss in 2022, up 47% YoY, and Q4 revenue up 19% YoY…

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Business

Klarna CEO says firm was ‘lucky’ to cut jobs when it did, targets profitability in 2023

[ad_1] Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022. Chris Ratcliffe…

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Technology

Seeking to diversify its revenue streams, Klarna launches a price comparison tool in the US, UK, and Nordics; Klarna acquired PriceRunner for ~$125M in 2022 (Aisha S Gani/Bloomberg)

[ad_1] Aisha S Gani / Bloomberg: Seeking to diversify its revenue streams, Klarna launches a price comparison tool in the…

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Technology

The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna and Affirm, and will release guidance in the future (Hannah Lang/Reuters)

[ad_1] Hannah Lang / Reuters: The US Consumer Financial Protection Bureau plans to start regulating BNPL companies, such as Klarna…

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Technology

Northzone, the European VC firm that backed Spotify and Klarna, has raised a €1B fund, its largest to date, and will allocate ~40% to later-stage investments (Hasan Chowdhury/Insider)

[ad_1] Hasan Chowdhury / Insider: Northzone, the European VC firm that backed Spotify and Klarna, has raised a €1B fund,…

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USA

Klarna faces backlash after CEO shares names of laid-off workers on social media

[ad_1] Klarna Bank is playing defense after its CEO stirred controversy by publishing on LinkedIn the names of hundreds of…

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Technology

As interest rates rise and economic growth slows, Affirm, Afterpay, Zip, Klarna, and other BNPL services are beginning to see late payments or related losses (Wall Street Journal)

[ad_1] Wall Street Journal: As interest rates rise and economic growth slows, Affirm, Afterpay, Zip, Klarna, and other BNPL services…

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Technology

Layoffs.ai data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off; notable layoffs in the last month include Getir, Bolt, and Klarna (Michelle Ma/Protocol)

[ad_1] Michelle Ma / Protocol: Layoffs.ai data: 60+ tech companies had job cuts in May, with 16,000+ employees laid off;…

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Technology

Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30% drop from its $46B valuation in its last round led by SoftBank's Vision Fund 2 (Wall Street Journal)

[ad_1] Wall Street Journal: Sources: Klarna is aiming to raise up to $1B at valuation of around $30B, a ~30%…

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Technology

Stripe and Klarna partner to offer businesses buy now, pay later

[ad_1] Stripe and Klarna have announced a new strategic partnership that will enable businesses using Stripe’s payment gateway to let…

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