Klarna stock sinks 27% after bad loan costs soar
Swedish fintech’s share price has plummeted by two-thirds since September IPO
Related reading
Klarna shares soar nearly 20% on market debut
Swedish fintech began trading Wednesday after tariff turmoil halted earlier listing plan
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
Klarna breaks even for first time since blockbuster New York IPO
Shares in European fintech have plunged 70% since September
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 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
Swedish start-up races to avoid Northvolt-style collapse
Investors and creditors grow twitchy as Stegra scrambles to resolve worsening funding crisis