26 May 2022
Written By FinTech Alliance in Investment
Klarna is set to focus more on “short-term profitability” than growth, reports the Financial Times.
In Brief:
The news comes as Klarna announced it will cut 10% of its workforce.
CEO Sebastian Siemiatkowski says he is unconvinced that the FinTech will need to raise capital at a lower valuation.
He said Klarna, which has previously put its investment into long term growth, will focus on short-term profitability instead.
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