Klarna Halves Q1 Net Loss and ‘On Track to Achieve Profitability This Year’

Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY. Klarna Bank AB┬ásignificantly improved its Q1 bottom line after halving the net loss sustained for the period compared with last year. For the first quarter of the year, the Swedish fintech giant posted a net deficit … Read more

FinTech Firm Klarna Overhauls App with TikTok-like Discovery Feed amid AI Hype

Klarna seeks to leverage the power of AI for offering curated shopping experiences to customers while also introducing TikTok features and new tools for advertisers. The artificial intelligence (AI) revolution is taking over and has only accelerated over the past few months. As a result, companies are making quick pivots to hop on the trend … Read more

Payments Service Klarna Adopts ChatGPT Technology

Klarna will leverage the best technology and data to help people discover new products. Payments and shopping service Klarna┬ámay be the latest company to partner with OpenAI to use ChatGPT. According to a recent announcement by the firm, the ChatGPT Plugin has now been integrated and will serve as a personal shopping assistant to Klarna … Read more