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 and legal experts are becoming wary of the growing risks associated with the ballooning buy-now, pay later (BNPL) industry.

Klarna, known for its short-term, interest-free financing solutions for consumers, has rapidly expanded its user base to more than 100 million globally, partnering

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