[djaykay]

I heard an interview with the founder of Klarna, who said that the vast majority of their loan defaults are write-offs, they don’t even report them to credit bureaus let alone attempt to collect.

In light of this layoff announcement, do with that info what you will.

[piva00]

That's not true, it happened I believe when they entered the UK's market when people simply did not pay and Klarna didn't want a PR backlash. But Klarna has its own collection agency appended to the business and does attempt to collect.

[paxys]

Easy to do while the bank is still full of VC money. When investors start to demand profits they will quickly start to act like any other bank/loan shark.