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Title: Klarna's Losses Widen After More Consumers Fail To Repay Loans

Link: https://news.slashdot.org/story/25/05/20/0962...

Klarna's net loss more than doubled in the first quarter [non-paywalled link]
as more consumers failed to repay loans from the Swedish "buy now, pay later"
lender as concerns rose about the financial health of US consumers. Financial
Times: The fintech, which offers interest-free consumer loans to allow
customers to make retail purchases, on Monday reported a net loss of $99
million for the three months to March, up from $47 million a year earlier.
The company, which makes money by charging fees to merchants and to consumers
who fail to repay on time, said its customer credit losses had risen to $136
million, a 17% year-on-year increase. The increased failure to repay comes on
the back of gloomy economic sentiment in the US, where a closely watched
measure of consumers' confidence last week fell to its second-lowest level on
record. US President Donald Trump's trade war has driven expectations of
higher inflation. Further reading: The Klarna Hype Machine.

Read more of this story at Slashdot.

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