A Swedish fintech company with a novel premise is facing complications as a wave of consumers taking micro-loans to pay for necessities such as rent and groceries threatens the company’s business model. Klarna Bank AB, the above-mentioned fintech company, has seen a rapid drop in its valuation after a disappointing round of financing drew in…
Fintech Startup Klarna Faces Pressure as Consumers Take Micro-Loans to Pay for Necessities
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