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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)

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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 …