
Klarna’s Losses Double Amid Rising US Consumer Strain
Hey FinTech Fanatic!
Swedish BNPL giant Klarna reported a Q1 net loss of $99M, more than double last year’s $47M, as loan defaults surged, a red flag tied to weakening U.S. consumer health.
Credit losses reached $136 million (up 17% YoY), driven by declining consumer confidence and macroeconomic