Editor
The “buy now, pay later” later industry is falling back to earth.
The most recent sign of trouble comes from Sweden’s Klarna, which on Monday closed its latest financing round at a valuation of $6.7 billion, down from a stratospheric $45.6 billion just a year ago. Similarly, the value of US-based Affirm’s value has fallen to $6.1 billion, well below its roughly $47 billion peak in November.
Last month, the Australian BNPL company…
