Swedish fintech Klarna, which in April paused plans for an initial public offering in the United States, said on Thursday its second-quarter revenue grew 20% from a year ago on a like-for-like basis while adjusted profits increased slightly.

The number of active Klarna customers rose to 111 million in the quarter, an increase of 31% year-on-year, the company said.

Klarna, which helped reshape online shopping with its short-term financing model, in April halted its plans for a U.S. stock market listing amid recession fears and uncertainty over tariffs, sources familiar with the situation said at the time.

The company had made its paperwork public in March for a long-awaited stock market debut, after it started the process of going public for a second time in three years in November 2024.