The Swedish "buy not and pay later" startup, and Europe’s joint-largest unlisted fintech, suffered its first-ever annual loss in 2019, making heavy credit falls amid a big push into the US ahead of a possible IPO.
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Klarna posts first ever annual loss
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The Swedish group added: “The ongoing investment phase has and will further enhance the offering towards both merchants and consumers across markets, which provides a platform for driving sustained customer preference and growth in the next years.”
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