Once Europe’s most valuable private tech company, Klarna said on Friday that its net losses narrowed to SKr1.3bn ($120mn) in the quarter while credit losses shrank more than a third. Its revenues rose 13 per cent to SKr4.9bn.
| less than a minute read
Klarna’s losses halve as Swedish fintech predicts return to profit
"This week, Stephen Jones, the Australian assistant treasurer and minister for financial services, said the government would start regulating BNPL as a form of credit, introducing a bill to parliament by the end of the year."
