#stock decline

Klarna just struck a $1.7 billion deal to free up capital for $40 billion in lending. Its stock is down 76 per cent from its IPO high.

Klarna has announced a $1.7 billion deal to free up capital for lending as its stock has plummeted 76% since its IPO. The Swedish fintech is looking to strengthen its financial position amid macroeconomic headwinds and investor concerns.