26 May 2022

Klarna brings profitability into focus amid redundancies

Written By FinTech Alliance

Klarna brings profitability into focus amid redundancies

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.

Read more here. 

Up Next ...
01 July 2022

Spotlight on... Sim Singh-Landa, Praetura Ventures 

As FinTech remains male dominated, we regularly highlight the career ...

01 July 2022

Finastra launches embedded ‘alternative’ BNPL product

Financial software business Finastra has launched a new buy now, ...

01 July 2022

BNPL FinTech Zilch raises £41mn

Zilch, a buy now pay later FinTech, has raised €47.9mn ...

01 July 2022

GPS appoints new CEO - Joanne Dewar becomes Vice Chair

 Global Processing Services CEO Joanne Dewar has moved into the ...

More in Investment

Plural launches early-stage venture fund worth €250mn

28 June 2022

Wise Co-Founder Taavet Hinrikus has launched an investment platform.In Brief:Plural ...

US FinTech Trovata to expand into UK

06 June 2022

Trovata, a banking technology business backed by JP Morgan Chase, ...

Freetrade raises £30mn

24 May 2022

Stock trading app Freetrade has raised £30mn in debt financing.In ...

White Papers Investment

Future Processing: ROI in IT Projects

22 June 2022

Knowing ROI for your technological investments is crucial to getting a full overview of your financi...

Articles Investment

N26 on: Women and investing - Closing the gender gap

27 April 2022

Investing helps us grow our savings, build wealth, and support projects we believe in. But the gende...

White Papers Investment

Redefining FinTech

20 December 2021

Anthemis provides an introduction to fintech and a broad view of the investment opportunities presen...

White Papers Investment

Emerging Tech Research: Fintech

20 December 2021

Fintech investors and entrepreneurs continue to reap the rewards of an acceleration in digital trans...

DiffuseTap "In Real Life" - London Edition

DiffuseTap "In Real Life" - London Edition

12 July 2022

06:00 PM - 09:00 PM

The Marylebone, 93 Marylebone High Street, London, London, W1U 4RE