Klarna's quarterly transaction value nearly doubles in Q1
STOCKHOLM (Reuters) -Swedish "buy now, pay later" company Klarna on Friday reported a jump in transactions using its platform in the January to March quarter, helped mainly by growth in the United States. Klarna's gross merchandise volume (GMV) - the value of transactions made using its payment platform - nearly doubled to $18.9 billion in the first quarter from $9.9 billion a year ago. The number of U.S. consumers using Klarna more than doubled to 17 million in April 2021 and app downloads in the country increased 125%, the company said in a statement.