Payments firm Klarna clocks up 500,000 users in Ireland in six months

The buy-now-pay-later Swedish company, backed by Japanese conglomerate SoftBank, last week announced plans to cut its workforce by 10 per cent

Colin Creagh, who leads Klarna’s Irish operations, said the company was extremely pleased with customer adoption. ‘You’ll see a lot more merchants offering Klarna in-store shortly,’ he said. Picture: Fergal Phillips

Swedish payments company Klarna has gained 500,000 active users in just six months in Ireland and now has 800 retailers onboard as official partners.

The buy-now-pay-later (BNPL) company, which launched services locally in November, announced last week that it was cutting 10 per cent of its workforce, equivalent to around 700 people.

The move comes as it was reported that Klarna is seeking to raise up to $1 billion in a deal that would represent ...