[Montaque]

No. GAAP and IFRS have very strict definitions of Revenue. Transaction volume falls under the agency principle. Its not the Co's revenue.

[yobbo]

That's not what a klarna transaction is.

Klarna pays the vendor immediately (with its credit line), and the user enters into a sort of debt contract with klarna.

Klarna's revenue is what it receives from the user.

It's a great business model when the interest rate is 0%.