Klarna

“We believe that mutually terminating the merger agreement with Sezzle at this time is in the best interests of Zip and its shareholders, and will allow Zip to focus on its strategy and core business in the current environment,” she…

Breadcrumb Trail Links PMN Business Klarna Bank AB, which advertises itself as a way to spread the cost of the latest brands and smartphones, is shelling out loans for milk and gas with cash-strapped customers looking for ways to…

The Commonwealth Bank is facing a $2 billion hit on its investment in buy now pay later operator Klarna, with the Swedish group’s valuation set to be slashed by up to 85 per cent in its latest capital raising.Klarna is finalising plans to…

Payments fintech company Klarna is set to raise fresh capital at a valuation of about $6.5bn, a fraction of the $46bn it was valued at just a year ago, three people with direct knowledge of the matter said.The $600mn deal, which is…

Klarna is in talks to raise funds at a sharp discount to its last valuation, according to a report from the Wall Street Journal. A spokesperson for the firm said it doesn't comment on "speculation."Jakub Porzycki | NurPhoto via Getty…

Klarna is trying to raise fresh cash at less than half its peak $46bn valuation, a dramatic drop that highlights the crisis of the “buy now, pay later” business model that helped make it Europe’s largest privately held company,…

Swedish fintech unicorn Klarna is making swingeing cuts to staff in reaction to global shocks, with some 10% of jobs at the company at risk, according to reports. In an announcement to staff revealed by website Breakit, CEO…

Klarna Bank AB is seeking to raise new funds that could value the fintech giant at almost a third less than the roughly $46 billion valuation it achieved just under a year ago, according to people familiar with the matter, an example of the…

Afterpay and PayPal are among several companies being scrutinised by US regulators over their policies of letting consumers buy products now, while paying for them later.The Consumer Financial Protection Bureau said on Thursday it’s…

People either buy for themselves or for others. This partnership will enable both shopping journeys seamlessly and with ease. …