Klarna GMV grows by 71% in US

 

Klarna's gross merchandise value (GMV) in the U.S. grew by 71% last year.  The Swedish fintech pointed to rising demand for its app as the main reason for its rapid growth. Klarna announced on Wednesday that its GMV in the U.S. market grew by $80B to reach $137B in 2022. The U.S. has surpassed Germany to become the Swedish fintech's largest market by revenue. Klarna's main offering in the U.S. is its BNPL (buy now, pay later) product. On Wednesday, the company unveiled a new financial tool called "Money Store" that will help its BNPL customers manage their spending.