BNPL giant Klarna has reported soaring operating losses of $748 million for the full year 2021, driven by expansion to fresh markets and the challenges of underwriting a massive inflow of new customers.
Klarna, a leading global retail bank, payments, and shopping service that helps consumers save time and money, be informed and in control, today announced it will launch its global rewards programme in the UK.
The Stockholm-based company is likely to attract sovereign wealth and pension funds as new investors, the people said, asking not to be identified discussing confidential information. Klarna could potentially fetch a valuation of roughly $50B to $60B based on preliminary estimates.
