Klarna 1st Quarter Losses Surge as More Consumers Fail to Repay BNPL Loans

‘We are closely monitoring changes in the macroeconomic environment,” the buy now, pay later firm said.

Shoppers place their items on the checkout counter at a wholesale distributor in Alhambra, Calif., on Sept. 12, 2023. Frederic J. Brown/AFP via Getty Images

Swedish payments startup Klarna said its net losses doubled in the first quarter.

The announcement comes as data shows more consumers struggling to keep up with their buy now, pay later (BNPL) loans.