BNPL

Klarna Freezes Hiring As Company Shifts Focus Towards AI Integration

11 days ago

In a significant shift towards automation and artificial intelligence, Klarna, the leading Swedish fintech firm, announced that it halted all hiring over a year ago. This strategic decision comes as the company grapples with the need to optimize its workforce and improve operational efficiency by gradually replacing human jobs with AI capabilities.

Affirm Takes a Bold Step Into the UK Market with Long-Awaited Launch

2 months ago

Affirm, a leading financial technology company known for its innovative buy-now-pay-later (BNPL) services, has officially launched its operations in the UK, marking a significant international expansion for the company. This long-anticipated move allows Affirm to tap into one of the largest consumer markets in Europe, following a series of strategic developments and investments aimed at growth beyond its home base in the United States.

Klarna Strikes Major Deal with Elliott, Offloading $30 Billion Portfolio

2 months ago

In a significant shift for the fintech landscape, Swedish payments firm Klarna has announced a landmark agreement with the investment firm Elliott Management Corporation. This move sees Klarna divesting a staggering $30 billion portfolio of loans, which includes a substantial share of its buy now, pay later (BNPL) offerings. This decision is part of Klarna’s broader strategy to streamline its operations and enhance its balance sheet in an increasingly challenging economic environment.