Fintech Klarna records loss as it expands into conventional lending
Swedish group has been diversifying away from its bread-and-butter model of deferred payment loans
Related reading
Klarna stock sinks 27% after bad loan costs soar
Swedish fintech’s share price has plummeted by two-thirds since September IPO
Klarna’s loss widens as fintech readies another shot at New York listing
Revenues jump a fifth to $823mn as Swedish buy now, pay later group continues US expansion and neobank drive
Klarna shares soar nearly 20% on market debut
Swedish fintech began trading Wednesday after tariff turmoil halted earlier listing plan
Klarna breaks even for first time since blockbuster New York IPO
Shares in European fintech have plunged 70% since September
Klarna launches stablecoin to cut cost of cross-border payments
Digital token will aimed at merchants moving large sums and may also be offered to consumers
Non-bank lenders may be fair-weather friends
Research shows they don’t just retreat in a crisis — they run for the exit