Klarna says losses in Q2 soared to $111M, up from $10M in Q2 2020, as credit defaults doubled, driven by an expansion in new markets (Richard Milne/Financial Times)

Richard Milne / Financial Times:
Klarna says losses in Q2 soared to $111M, up from $10M in Q2 2020, as credit defaults doubled, driven by an expansion in new markets  —  Swedish ‘buy now, pay later’ start-up continues rapid expansion in new markets  —  Klarna’s losses increased significantly in the second quarter …