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The Latest Breaking News from Klarna

London fintech Checkout.com sees valuation plunge to $11 billion

The Shoreditch-based business had been valued at as much as $40 billion in January

Evening Standard

Harrods: How does buy now pay later scheme work with Klarna?

Harrods has extended its partnership with Klarna to cover all five departments

Evening Standard

Hot Upcoming IPOs to Watch

The most exciting upcoming IPOs include data intelligence platform Databricks and Elon Musk's SpaceX.

Kiplinger

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London fintech unicorn Zilch poised to begin wave of layoffs as downturn hits buy now pay later sector

Zilch joins rival Klarna in making a series of layoffs in a bid to cut costs as investors weigh the prospects for BNPL firms after higher borrowing costs squeeze profits

Evening Standard

Martin Lewis slams Deliveroo over new payment method for takeaways

Customers using Deliveroo will now notice Klarna as an additional payment option when they go to pay for their takeaway.

Daily Record

Deliveroo takeaways now available on finance as Martin Lewis issues warning

Users were stunned when they noticed a new finance option appear on the popular takeaway app - here's why the MoneySavingExpert has warned people to steer clear.

Glasgow Live

Martin Lewis slams Deliveroo for Klarna buy now pay later scheme to spread cost of takeaway

The Money Saving Expert founder said borrowing should only be for a "planned one off budgeted purchase, not a cheeky Nandos"

Wales Online

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Martin Lewis warning after Deliveroo offers new payment option for takeaways

The consumer guru has questioned if customers need this finance option to pay for takeaways and suggests it could result in debt

Chronicle Live

Martin Lewis issues warning to anyone that uses Deliveroo

Users were stunned when they noticed a new finance option appear on the popular takeaway app

Manchester Evening News

Deliveroo users' jaws hit the floor when they see 'horrific' suggestion at checkout

"Hideously wrong in so many ways"

Manchester Evening News

Martin Lewis hits out Deliveroo for buy now pay later scheme

The partnership has faced a backlash for encouraging people to use a buy now, pay later scheme to pay for food.

Evening Standard

Experts warn against using Klarna to pay for Deliveroo takeaways

There are fears people will fall into further debt as the costs spiral

The Independent UK

Brits can now spread the cost of a Deliveroo using Klarna - and experts don't like it

Consumers can now buy a Deliveroo takeaway using buy now, pay later firm Klarna, but experts say the idea is 'extraordinarily irresponsible' and can impact your finances

Daily Mirror

‘It’s just so easy, isn’t it?’ How buy now, pay later can leave Britons struggling with debt

We spend almost £1bn a month through retailers’ spread-the-cost payment schemes. But many borrowers find themselves missing payments, covering instalments with credit cards – and using the schemes to pay for food and other essentials. Is online credit spiralling out of control?

The Guardian - UK

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The Guardian - UK

Debt concerns as UK public sector workers turn to buy now, pay later

Use of services such as Klarna, Clearpay and Laybuy rising as staff rejected by mainstream lenders

The Independent UK

EXPLAINER: What to know about 'buy now, pay later'

If you shop online for clothes or furniture, sneakers or concert tickets, you’ve seen the option at checkout to “buy now, pay later” by breaking the cost into smaller installments over time

The Independent UK

As 'buy now, pay later' plans grow, so do delinquencies

A growing number of American shoppers have jumped at the chance to use “buy now, pay later” loans to pay for new sneakers, electronics, or luxury goods in installments

Glasgow Live

Apple Pay Later could move to the UK - how the US version works

iOS 16 could launch a new way to pay through Apple with no added interest

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The Guardian - UK

Klarna losses more than triple as consumer spending slows

Buy now, pay later firm will issue smaller loans to some customers to return to profitability

Financial Times

Venture capital’s silent crash: when the tech boom met reality

Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over

Businessweek

The Buy Now, Pay Later Juggernaut Is About to Be Tested

Economic uncertainty, competition, regulators, and the usual consumer debt problems are spoiling the fun.

Chronicle Live

Spiralling costs forcing families to use credit to pay essential bills

Increase in use of Buy Now Pay Later deals to pay for energy and food sounds alarm at energy and debt advice charities

Input

Klarna’s valuation plummets amid criticism of 'Buy Now Pay Later' schemes

The company's dealing with competition, public scrutiny, and stingier shoppers.

The Guardian - UK

Klarna’s road ahead looks a little harder this year

With Apple set to enter the market and shrinking appetite for tech stocks the future looks less rosy for buy now, pay later firm

The Guardian - UK

Klarna sees its value slashed by 85% in latest round of fundraising

‘Buy now, pay later’ firm, once Europe’s most valuable private tech company, valued at less than $7bn

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