Analysis

May 24, 2022

Can Klarna and its rivals survive an economic downturn?

Europe’s most valuable startup is laying off its staff — but will we see worse collateral damage for its smaller competitors?


Amy O'Brien

6 min read

Sebastian Siemiatkowski, CEO of Klarna

Public markets are down, and banks and economists are grappling with the possibility of an economic downturn. In these uncertain times, even Europe's best-funded startup is not immune.

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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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