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Sebastian Siemiatkowski, CEO of Klarna, talking at a fintech match in London on Monday, April 4, 2022.
Chris Ratcliffe | Bloomberg by way of Getty Images
Klarna noticed its losses leap within the first quarter as the preferred purchase now, pay later company applies the brakes on a hotly expected U.S. preliminary public providing.
The Swedish bills startup stated its internet loss for the primary 3 months of 2025 totaled $99 million — considerably worse than the $47 million loss it reported a yr in the past. Klarna stated this used to be because of a number of one-off prices associated with depreciation, share-based bills and restructuring.
Revenues on the company higher 13% year-over-year to $701 million. Klarna stated it now has 100 million lively customers and 724,00 service provider companions globally.
It comes as Klarna stays in pause mode relating to a extremely expected U.S. IPO that used to be at one degree set to price the SoftBank-backed corporate at over $15 billion.
Klarna put its IPO plans on dangle remaining month because of marketplace turbulence brought about via President Donald Trump’s sweeping tariff plans. Online ticketing platform StubHub additionally put its IPO plans on ice.
Prior to the IPO prolong, Klarna have been on a advertising and marketing blitz touting itself as a man-made intelligence-powered fintech. The corporate partnered up with ChatGPT maker OpenAI in 2023. A yr later, Klarna used OpenAI generation to create an AI customer support assistant.
Last week, Klarna CEO Sebastian Siemiatkowski stated the corporate used to be ready to shrink its headcount via about 40%, partially because of investments in AI.
