Finance
Klarna Profit Soars as Fintech Preps for Potential IPO Next Year
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Klarna Bank AB said revenue jumped 27% in the first half of this year, buoying adjusted profit as the fintech continues to prepare for one of the most anticipated potential initial public offerings.
The Stockholm-based company’s adjusted profit rose to 673 million kronor ($66 million) for the quarter ending in June. That compares with an adjusted loss of 456 million kronor in the same period a year ago.