News

March 8, 2023

It’s not that crazy to lose $100m a month, says Klarna’s Sebastian Siemiatkowski

He also talked about ambitions to build generative AI into Klarna’s product offering


Tim Smith

3 min read

Klarna CEO Sebastian Siemiatkowski on stage at Sifted Sessions / Stockholm

During buy now, pay later giant Klarna’s heyday of hyper-growth, the company was losing $100m a month. But CEO Sebastian Siemiatkowski says the burn was justified given the market opportunity, despite media portrayals. 

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Siemiatkowski said that he doubted he would ever truly know how to run a company — and neither would anyone else
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Tim Smith

Tim Smith was news editor at Sifted. He covered deeptech and AI, and produced Startup Europe — The Sifted Podcast . Follow him on X and LinkedIn

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