Klarna has posted its first quarterly profit in four years as it makes an “early step” towards an eventual IPO.
The Swedish buy now, pay later giant’s third-quarter profits reached SEK 90m in the three months to the end of September, up from a loss of SEK 2.1bn in the same period a year earlier.
Credit losses at the fintech almost halved to SEK 800m and its quarterly revenues increased by 30% to SEK 6bn.
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