News

August 31, 2022

Klarna losses more than triple following valuation crunch

The buy now, pay later giant attributed its widened losses to market expansion coupled with increased credit losses as new customers signed up


Amy O'Brien

3 min read

Sebastian Siemiatkowski, CEO of Klarna

Swedish fintech Klarna has seen its losses more than triple in the first half of the year, amid a challenging period for the company that also saw its valuation plummet by 85%, financial results released today show.

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Amy O'Brien

Amy O'Brien is a freelance reporter covering Italian tech. She was previously Sifted's fintech reporter

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