Klarna cuts revenue target as it forecasts softer European volumes

Klarna has downgraded its revenue target for the year following unfavourable currency shifts and reduced activity from softer European volumes. The Swedish fintech unicorn said it expects to make between $4.08bn and $4.16bn for the current financial year, down from its previous forecast of over $4.34bn (£3.21bn). This

STOCKHOLM, Aug 18 : Klarna, the Swedish "buy now, pay later" services provider and online bank, posted a profit in the second quarter on Tuesday while analysts had expected a net loss, helped by growth in its U.S. markets.The company said its quarterly net profit was $9 million compared with ​a loss of $53 million in t