"The privately held Swedish fintech, whose valuation was slashed from $46bn to $6.7bn last year, reported an annual net loss of SKr10.4bn ($1bn), a 47 per cent increase over 2021." (FT)
"Growth was particularly strong in the US where its gross merchandise volumes — how much it processes for its retail customers — increased 71 per cent last year, making the country its biggest market by revenue in December despite competition from rivals such as Affirm and PayPal."
"The gross merchandise volume (GMV) of Klarna’s loans rose by 22%, to SEK242bn ($23bn), as shoppers flocked to the instalment payment method amid a cost of living squeeze. Klarna now has 150m consumers globally." (Sifted)