Klarna CEO Sebastian Siemiatkowski spoke at a Fintech event held in London on Monday, April 4th, 2022.
Chris Ratcliffe | Bloomberg via Getty Images
Klarna saw losses jump in the first quarter on a popular purchase.
The Swedish payment startup said its net loss for the first three months of 2025 was a total of $99 million. Klarna said this was due to several one-off expenses related to depreciation, stock-based payments and restructuring.
The company’s revenues rose 13% year-on-year to $701 million. Klarna said there are currently 100 million active users and 724,000 merchant partners all over the world.
As Klarna remains in pause mode with regard to the highly anticipated US IPO in one stage, Softbank– A company with over $15 billion.
Klarna put an IPO plan on hold last month due to market turbulence caused by President Donald Trump’s sweeping tariff plans. Online ticketing platform StubHub is also putting IPO plans on ice.
Before the IPO delay, Klarna was a marketing blitz promoting herself as an artificial intelligence-driven fintech. The company partnered with Openai, a ChatGpt manufacturer in 2023. A year later, Klarna created an AI customer service assistant using Openai technology.
Last week, Klarna CEO Sebastian Siemiatkowski said the company was able to cut its personnel by about 40% because of its investment in AI.
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