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Fintech firm Klarna’s losses triple after aggressive U.S. expansion and mass layoffs

Fintech firm Klarna's losses triple after aggressive U.S. expansion and mass layoffs

The logo of Swedish payment provider Klarna.

Thomas Trutschel | Photothek | Getty Images

Klarna on Wednesday reported a dramatic jump in losses in the first half, adding to a deluge of negative news for the “buy now, pay later” pioneer.

The Swedish payments firm generated revenues of 9.1 billion Swedish krona ($950 million) in the period spanning January to the end of June 2022. That was up 24% from a year ago.

But the company also racked up…


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