Buy now, pay later firm Klarna reports first month of profit in three years

Fintech company still made second-quarter operating loss of 62m as calls grow for sector to be regulated

Klarna, a buy now, pay later firm, has reported a profitable month for the first time in three years.

The Swedish company, which allows shoppers to defer and split the cost of items but has been accused of tipping people into debt, has struggled to make money in recent years amid rising bad debts and weak consumer confidence.