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After Rapid Expansion, Klarna Reports Massive Losses in First Half of 2022

Swedish “buy-now, pay later” company Klarna reported “dramatic” losses in this year’s first half. So reports CNBC

To that end, the firm reported a pre-tax loss of nearly 6.2 billion Swedish krona, which represents a nearly threefold jump year-over-year. The company had largely been profitable until its 2019-2020 global expansion that saw it enter 11 new markets and strengthen its foothold in the U.S. and Britain via “a number of costly gambits.”

Read the full article from CNBC.

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