Losses narrow at Klarna as buy now, pay later firm eyes IPO

Company reports 22 per cent rise in full-year revenues to €2.1bn as losses shrink by 76 per cent

Klarna is reportedly looking at a valuation of about $20 billion as it makes detailed plans to list in the third quarter. Picture: Getty

Klarna shrank its net losses 76 per cent in 2023 as the buy-now-pay-later firm makes preparations for one of the biggest public listings of the year.

The Stockholm-based fintech said revenue rose by 22 per cent to 23.5 billion kronor (€2.1 billion), growing even more quickly than in the previous year. Klarna lost about 400 million kronor in the fourth quarter, having briefly moved into profit in the previous three months, taking its total net ...