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Klarna's net losses for the first quarter reached $99 million, almost double the $47 million it lost during the same period a year earlier.
Klarna says more customers are falling behind on their buy now, pay later loans as U.S. consumer debt hits a record high.
The company’s credit losses rose in the most recent quarter, but a spokesman said it was due to more loan origination, not consumer sentiment. Klarna’s push into the U.S is helping drive ...
Klarna’s customers are having ... hitting $136 million. Industrywide, BNPL borrowers are increasingly falling behind on their loan payments. In a survey conducted by the credit platform ...
More Americans are turning to "Buy Now, Pay Later" for groceries, but many struggle with late payments. SACRAMENTO, Calif. — ...
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a ...
The six largest BNPL providers — Affirm, Afterpay, Klarna, PayPal, Sezzle, and Zip — originated about 277.3 million loans for $33.8 billion in merchandise in 2022, or an amount equal to about ...
This new debit card will make it easy to select an interest-free BNPL plan at checkout, but there are fees to watch for.
At least a quarter of BNPL users took out loans to pay for groceries, the survey found, up from 14%. A Klarna spokesperson said the 17% jump in consumer credit losses “doesn’t tell you much ab ...