Klarna offloads London entrepreneur’s shopping tech after just three years April 30, 2024 Fintech firm Klarna has sold assets in virtual shopping business Hero to Swedish video commerce platform Bambuser for around £1.1m just three years after buying the entire company for a reported £137m.
Klarna: Three-quarters of staff now use AI tools like ChatGPT as fintech looks to reduce hiring April 9, 2024 Around three-quarters of employees at Klarna now regularly use tools like ChatGPT, its head of artificial intelligence has told City A.M., as the buy-now pay-later giant leverages the technology to reduce hiring costs.
Buy now, fail later? Banks struggle to cash in on Klarna’s success March 27, 2024 Natwest recently confirmed it would axe its buy-now pay-later scheme. Industry experts suggest the move could be a sign of things to come as traditional lenders struggle to gain a foothold in the market.
Klarna hits back at Moody’s over buy now pay later warning November 12, 2023 Klarna has hit back at a Moody's report, saying its characterisation of the riskiness of buy now pay later debt seems to “lack nuance”.
Klarna boss: My three conditions for an IPO – and no, I won’t tell you where November 7, 2023 The boss of Klarna has said he has “three tick boxes” for the firm ahead of a public listing, all of which have now been met, as the Swedish fintech looks to revive its plans for a blockbuster IPO as soon as next year.
Buy-now pay-later firms welcome Labour call to regulate amid Treasury delays November 7, 2023 Buy now pay later (BNPL) firms have welcomed calls from Labour to regulate services such as Klarna in the same way as credit cards.
Klarna swings into profit as bosses plot blockbuster IPO November 6, 2023 Buy-now pay-later firm Klarna has swung into the black for the first full quarter in four years after rolling out a major cost-cutting programme and slashing the amount of borrowers defaulting on their debts.
Klarna pushes for £12bn float with new British firm November 4, 2023 Klarna, the 'buy now, pay later' finance giant, is setting up a new British holding company, according to media reports.
Klarna global boss doubles down on UK investment despite regulation uncertainty September 5, 2023 Buy-now pay-later giant Klarna will double down on a UK investment drive despite lingering uncertainty around a clampdown on the sector by regulators this year, its global chief has pledged. Sebastian Siemiatkowski, founder and chief of the Swedish fintech, told City A.M. that the UK remained a key market for the firm despite a push [...]
Klarna closes losses and touches monthly profit as cost-cutting drive bears fruit August 31, 2023 Buy-now pay-later giant Klarna has slashed its losses and touched profitability for the first time this year after rolling out a hefty cost-cutting programme and driving down the amount of customers defaulting on payments. In its half year report today, Klarna revealed it had closed its losses to SEK 2.115bn (£153m) from SEK 6.37bn last [...]