Klarna Expands Deposits and Debit Push as GMV Hits $33.7 Billion

Consumers leaning on buy now, pay later for everything from groceries to larger-ticket purchases helped push Klarna deeper into everyday spending during the first quarter, while deposits, debit usage and point-of-sale financing increasingly are part of the company’s growth story. The company on Thursday (May 14) reported first-quarter revenue of $1 billion, up 44% year over year, while gross merchandise volume rose 33% to $33.7 billion. The earnings presentation also showed active consumers risi