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Klarna shrinks losses with sales growth and cost-cutting

AI helped Klarna keep costs down, CEO says

Bloomberg NewsbyBloomberg News
August 31, 2023
in Payments
Reading Time: 2 mins read
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Klarna Bank AB’s losses narrowed in the first half of the year as its growing customer base continued to pay back their buy-now-pay-later debts in the face of inflation pressures. The Stockholm-based fintech reported an adjusted operating loss of about 2 billion Swedish kronor ($185 million) for the six months through June, down from 6.2 […]

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