The Latest Breaking News from Klarna

The value of Swedish Buy Now, Pay Later business Klarna has plummeted 85% from its 2021 peak after a fresh funding round, in the latest sign of dwindling fortunes for short-term lenders amid rising inflation and fears of a looming recession. 

Students are turning to credit schemes such as Klarna as they struggle with the cost-of-living crisis, a National Union of Students survey found.

Calls to regulate the booming “buy now, pay later” (BNPL) industry have not deterred big brands like Apple and Amazon from the idea of offering consumers an interest-free, no-fee way to spread payments for purchases. Apple cited “users’ financial health” when it announced this new feature, but research shows financially…

Apple's Pay Later service comes as competitors like Klarna and Afterpay face scrutiny and lawsuits for leading young customers into debt

People using buy now, pay later schemes will see changes on their credit file.

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UK employees said they were ‘blindsided’ by the Swedish firm’s announcement

Klarna will report late payments and unpaid purchases for "pay in 30" and "pay in three" orders made on, or after, June 1 to both Experian and TransUnion

Consumers looking for an easier way to pay for big ticket items may turn to buy now, pay later payment plans.