News

February 26, 2020

Klarna's US and UK expansion take their toll, as fintech posts first annual loss

Klarna is Europe's most highly-valued fintech, alongside Revolut. In a bid to keep its crown, it invested heavily last year - causing overall losses despite healthy revenues.


Isabel Woodford

3 min read

Sebastian Siemiatkowski, Klarna CEO

Klarna's push for hyper-growth landed it in the red for the first time in its history, according to the company's 2019 annual report, which was published on Wednesday.

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Taken from Klarna's balance sheet showing an increase in revenue as well as major losses.
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