The company, known for loans offered to online shoppers at the point of purchase that are paid back in several interest-free instalments, has in recent weeks launched new products designed to bring it more in line with digital banks such as Revolut and Chime. The move comes as what was once Europe’s most highly valued start-up faces growing pressure over the resilience of its business model in the face of a potential consumer downturn.
“Klarna’s pivot is not just about growth. It’s really survival in a market which is no longer a defensible position,” said Liam Evans, managing director at PwC.
https://www.ft.com/content/c0b696e0-4453-4f2a-a762-ba1f33f958a7
