Klarna Group plc (KLAR) saw its stock price soar 5.03% during intraday trading on Wednesday, following the company's announcement of impressive user growth metrics.
The digital bank services provider reported that its app now has more than 55 million monthly active users globally, with 9 million people using the app daily. The company highlighted that daily engagement has surged approximately 53% year over year, attributing this growth to recent product launches including a debit card, membership tiers, cashback rewards, mobile phone plans, and peer-to-peer payments in Europe.
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