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Klarna Reports Annual Loss for the First Time

Klarna Reports Annual Loss for the First Time

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FintechNews RoundupUSA
··1 min read

Swedish fintech startup Klarna, who along with Revolut are valued as the highest fintechs in Europe, took an annual loss for the first time in their history; the company reported a loss of $113mn for 2019 as the company made big investments in an engineering hub in Germany; the company saw a 31 percent rise in revenues and added 75,000 new merchants as they called the business very healthy and growing strong; Klarna also has plans to expand to a number of new markets along with focusing on growth in the U.S.; the company has been profitable since its founding in 2005. CNBC

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    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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