Klarna, the Swedish buy now, pay later juggernaut, is on a mission to trim its losses and expand in European markets. In the first half of this year, it made significant strides, but profit remained just out of reach.
As of Thursday, Klarna reported an operating loss of approximately $185 million for the first six months of this year, marking a 67% drop compared to the same period last year. The last time it saw a half-year profit was in the second half of 2018, the company told Fortune.
