Klarna agrees to $1.7 billion transaction supporting up to $40B+ of lending

Klarna, the global digital bank and flexible payments provider, has entered into a new capital efficiency transaction in the form of a Significant Risk Transfer (SRT), covering $1.7 billion-worth of Euro denominated loans and freeing up capital to support continued growth.

Klarna has entered into a three-year agreement with a consortium led by Värde Partners. This is Klarna’s sixth SRT transaction and improves how effectively Klarna deploys its capital on a global basis.

„Our banking license is one of our biggest competitive advantages,” said Niclas Neglén, Klarna’s Chief Financial Officer. „This is our largest and most efficient SRT transaction to date. These transactions allow us to maximize every unit of capital to support our continued momentum.”

The transaction follows Klarna’s recently announced $2 billion facility supporting $17B of US Financing expansion.

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Klarna is a global digital bank and flexible payments provider. With over 118 million global active Klarna users and 3.4 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than one million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange.