“The company posted a net loss of 1.3 billion Swedish krona ($120.7 million), down 50% from the 2.6 billion krona loss in the same period a year ago,” CNBC reported. “Klarna reported total net operating income of 5 billion Swedish krona, up 22% year-over-year.”
They also shared that they now have over 150 million customers and are pushing AI into their recommendation algorithm.
While it seems counter-intuitive to celebrate the reporting of a net loss, it’s important to recognize the momentum.
For those enjoying the long weekend with us, we’ll see you Tuesday.
Global: Can lenders improve the financial health of consumers through design? Digital interfaces can nudge and direct customers toward healthier financial decisions. Recent work by the Financial Health Network has found multiple areas in digital lending where issuers can improve digital experiences and help customers understand the implications of their choices.
John has been in communications since graduating from Creative Communications at Red River College Polytechnic in Winnipeg in 1992. He launched one of Canada's first digital-only local news sites called Winnipeg First in 2007, which led to digital editor postings with the Winnipeg Free Press and Edmonton Journal. In 2012 he joined Bankless Times as managing editor, later becoming president and CEO. He and the Bankless Media co-founders completed a sale and exit in August 2021.