Klarna CEO believes his company will be a ‘force for good’ during cost of living crisis

// Klarna’s CEO Sebastian Siemiatkowski believes that his company will be a ‘force for good’ in the UK’s cost of living crisis.

// Siemiatkowski made the announcement the on the opening panel of London Tech Week on Monday.

“We have the ability to very quickly adapt as the macroeconomics are changing, and be very mindful of making sure that our consumers don’t overextend themselves,” he told The Times.

“If you look at the credit card industry in the UK, a typical outstanding balance is maybe £4,000, in our case, it’s £40 to £100.”

READ THE FULL STORY HERE 

Click here to sign up to Retail Gazette‘s free daily email newsletter