#klarna — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #klarna, aggregated by home.social.
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"Klarna’s net loss more than doubled in the first quarter as more consumers failed to repay loans from the Swedish “buy now, pay later” lender as concerns rose about the financial health of US consumers.
The fintech, which offers interest-free consumer loans to allow customers to make retail purchases, on Monday reported a net loss of $99mn for the three months to March, up from $47mn a year earlier.
The company, which makes money by charging fees to merchants and to consumers who fail to repay on time, said its customer credit losses had risen to $136mn, a 17 per cent year-on-year increase.
The increased failure to repay comes on the back of gloomy economic sentiment in the US, where a closely watched measure of consumers’ confidence last week fell to its second-lowest level on record. US President Donald Trump’s trade war has driven expectations of higher inflation.
Klarna’s results come weeks after the Swedish group was forced to pause its plan for a long-awaited stock market listing in New York as Trump’s sweeping tariffs announcements upended markets."
https://www.ft.com/content/6c4bf393-c80b-42b7-993a-35270143f688
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What Square’s acquisition of Afterpay means for startups - On Sunday Square announced it was gobbling up Afterpay in a deal worth $29 billion... - http://feedproxy.google.com/~r/Techcrunch/~3/Kam2OQnM_qo/ #bettertomorrowventures #baincapitalventures #ececommerceandd2c #entrepreneurship #venturecapital #onlinepayments #privateequity #fikaventures #jakegibson #ecommerce #payments #startups #afterpay #scalapay #finance #klarna #paypal #txzhuo #zilch #bnpl #tc
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Amid the IPO gold rush, how should we value fintech startups? - Allen Miller
Contributor
Share on Twitter... - http://feedproxy.google.com/~r/Techcrunch/~3/8Z1x90TDgn8/ #special-purposeacquisitioncompany #enterprisesoftware #lendingclub #e-commerce #ecfintech #coinbase #eccolumn #payoneer #finance #shopify #column #klarna #ondeck #paypal #stripe -
Alipay owner Ant Financial takes minority stake in Klarna - Some big moves in the payments platform space: Ant Financial Group, the owner of China’s Alipay pa... more: http://feedproxy.google.com/~r/Techcrunch/~3/bu8UW_QRFsk/ #sebastiansiemiatkowski #financialservices #onlinepayments #onlineshopping #alibabagroup #antfinancial #aliexpress #e-commerce #payments #farfetch #samsung #spotify #europe #adidas #alipay #klarna #china #india #paytm #asia #asos #ikea #nike #hm