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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.
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As BNPL giant Klarna signs on more customers, more could struggle to repay loans in a slowing economyThe 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 ...
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Klarna Launches New BNPL Debit Card That Lets You Finance on the Fly – but There's a CatchThis new debit card will make it easy to select an interest-free BNPL plan at checkout, but there are fees to watch for.
The six largest BNPL companies — Affirm, Afterpay, Klarna, PayPal, Sezzle, and Zip — issued more than 277 million loans in 2022 ... new forms of debt they may struggle to manage.
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