News

August 31, 2023

Klarna cuts losses and sees “huge opportunity” in generative AI

The Swedish buy now, pay later unicorn has cut losses to €76m in the second quarter


Mimi Billing

2 min read

Sebastian Siemiatkowski, CEO of Klarna

Swedish fintech giant Klarna is turning things around following a bruising 2022, which saw its valuation cut by 85% and the company lay off 700 employees. In the second quarter of 2023, its losses decreased by 77% on the same period last year.

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Mimi Billing

Mimi Billing is Sifted's Europe editor, based in Stockholm. She covers the Nordics and can be found on X and LinkedIn

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