
Klarna goes public as 3 in 4 Americans rely on buy-now, pay-later. Experts worry it’s snowballing ‘quickly into a serious financial burden’
Swedish fintech firm Klarna just made its highly anticipated debut on the New York Stock Exchange, raising $1.37 billion and locking in a $15 billion valuation. But finance and legal experts are becoming wary of the growing risks associated with the ballooning buy-now, pay later (BNPL) industry. Klarna, known for its short-term, interest-free financing solutions…