Klarna’s losses increase after the first year of negative profit

Klarna, the Swedish giant that buys now and pays later (BNPL), saw losses increase by around 85% in the first half of this year compared to the same period last year.

The company’s profits have slowly declined

From January to June 2019 Klarna suffered a net loss of SEK 83.53 million (USD 9.52 million). However, for the first six months of this year, fintech was hit with a much larger net loss of $ 62.98 million.

However, the fintech reported a total net operating income of SEK …

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