Klarna goes public as millions of Americans rely on buy-now, pay-later. Experts worry it’s snowballing ‘quickly into a serious financial burden’

Klarna debuted on the NYSE Wednesday with a $1.37 billion IPO, valuing the Swedish fintech company at $15 billion and underscoring the rapid rise of buy-now, pay-later (BNPL) services. But experts warn of mounting risks BNPL consumers face. LegalShield data shows nearly 40% of users don’t realize BNPL will soon affect credit scores. Swedish fintech firm Klarna just made its highly anticipated debut on the New York Stock Exchange, raising $1.37 billion and locking in a $15 billion valuation. But finance ...