As Swedish fintech giant Klarna prepares for its IPO this week, investors are closely watching to see if the company can successfully convince the market that it is more than just a “buy now, pay later” firm that finances shopping sprees and food deliveries for Americans with bad credit.
“Buy now, pay later” giant Klarna is notorious for mercilessly replacing human employees with AI. But the fintech company understands the limits of artificial intelligence — he says his company will always offer access to human customer service agents as a “VIP thing.”
Buy now, pay later giant Klarna suffered a doubling of net losses in the first quarter as an increasing number of customers failed to pay back their loan installments.
Swedish buy now, pay later (BNPL) fintech giant Klarna has landed a significant deal with food delivery service DoorDash, further solidifying its position in the U.S. market as the company gears up for its upcoming IPO. Thanks to the deal, Americans with no financial literacy can now finance their meal delivery purchases.
