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Klarna continues to see strong demand for its buy now, pay later product in the U.S.The Swedish company said Wednesday Feb. 22 it had seen a 71% increase in gross merchandise value GMV in the United States last year. Klarna attributed its growth to surging demand for its app, which has more than 8 million monthly active users and 30 million d
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stanley cup any said in a news release. Were thrilled at the growth and momentum weve achieved in the U.S. and are confident in our path towards profitability, said Klarna CEO Sebastian Siemiatkowski in the release.He added he hopes to see Klarna reach monthly profits in 2023 following a rough 2022, comparing the company to a container ship in a Financial Times interview in November. You dont turn it around in the quarter, it takes some time, Siemiatkowski said.Last year saw Klarnas U.S. GMV reach $80 billion, meaning this latest jump brings that figure to nearly $137 billi
stanley italy on.And last month, the company announced that the U.S. is now its largest market in terms of revenue, with volumes rising 92% year over year. Despite the challenging macroeconomic environment, we continue to remain laser-focused on investing in our growth in the market to offer valuable shopping and payment services for consumers and be a growth partner for retailers, a Klarna spokesperson told PYMNTS at the time.The company also unveiled a financial planning tool called Money Store to help BNPL users track their spending habits in January. Money Stor Lcuz SMB Digital Bank Penta Now Serves Self-Employed
While Danske Bank shareholders started out the year feeling confident, the financial institutions involvement in a massive money laundering scandal has led to its stock falling almost 50 percent in 2018.According to Bloomberg, shareholders had seen the value of their investment in Danske increase five-fold since the end of 2008. But that was before聽Denmarks largest bank was being聽investigated聽over massive money laundering flows involving $150 million that made its way through accounts of non-Estonian holders.As a result,聽authorities in Denmark, Estonia, Bri
stanley fr tain and the United States are all investigating the scandal. Danske CEO Thomas Borgen聽announced in September聽that he would step down, and eight former bankers聽have been detained in Estonia. In addition,聽analysts have predicted that the financial institutions fines could be anywhere from $600 million to billions of dollars.The scandal might even聽impact聽Denmarks聽financial stability. I
stanley website ts a question of trust, if there is a spillover effect to the rest of the sector. We havent seen that yet, but that is the concern, Karsten Biltoft, assistant governor and head of financial stability, has said.So it no surprise that investors want the case resolved so the bank can move ahead with a new agenda,
stanley cup said Otto Friedrichsen, head of equities at asset manager Formuepleje. Unfortunately, he doesn ;t think that it likely to happen anytime soon. There are now several authorities conducting investigations so
