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Klarna hopes to return to profit.


 Klarna hopes to start making monthly profits again for the first time since 2020 within a year, despite losses at what was once Europe’s most valuable tech group continuing to rise in the quarter. It last made an annual profit in 2018, a quarterly profit in the second quarter of 2019 and a monthly profit in August 2020. At its half-year results in August, Klarna said it would look at tightening lending, especially to new customers. Siemiatkowski co-founder of Klarna, said that Klarna had «committed» to its strategy, so it would not depend on more fundraising, but did not rule out further investment.

Klarna has been one of the pioneers in the buy now, pay later sector, which allows consumers to defer payments or make them in instalments. Klarna’s woes reflect hurdles for fin-techs, as central banks have ended years of generosity and the cost of living crisis has damped consumer spending.

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  1. Clark1 December 2022 at 14:09

    I see Klarna making monthly profits in Q4 of 2023 or Q1 of 2024, not sooner than this. It's just going to get worse before it gets better (I'm referring to the cost of living crisis, etc).

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