Swedish payments group Klarna

reported wider losses for 2022 at 10.5 billion crowns (€950mn) against 6.6 billion crowns in 2021, with an improving performance in the fourth quarter.

^{via CNBC}

• The big picture: The fast-growing, privately held fintech saw business conditions deteriorate last year as consumer confidence was hit by soaring inflation and the war in Ukraine.
• On the other hand: Klarna’s chief executive Sebastian Siemiatkowski’s pay increased 35% to 13.2 million crowns despite widening losses.