Klarna Group plc

Klarna Group plc (NYSE: KLAR) is a global digital bank and flexible payments network serving over 120 million active consumers and more than 1.2 million merchants across multiple countries. The company operates a dual-sided, spend-centric platform offering three core payment products: Pay in Full for everyday spending, Pay Later (a charge-card equivalent for medium-sized purchases on short repayment terms), and Fair Financing (point-of-sale installments for large-ticket purchases). Klarna also offers the Klarna Card (active in 16 countries with 6.5 million users), Klarna Memberships (a paid subscription service with cashback and benefits), and an AI-powered Shopping Search experience. The company generates revenue through transaction and service fees from merchants, interest income on consumer receivables, gains on sale of consumer receivables through forward flow arrangements, and subscription fees. Klarna funds its lending primarily through consumer deposits (approximately 88% of funding) and employs an asset-light strategy using forward flow arrangements to recycle capital and transfer credit exposure. The company processes 3.8 million transactions per day and has underwritten over $0.7 trillion since inception. Key merchant partners include Apple, Uber, H&M, Saks, Sephora, Macy's, Ikea, Expedia Group, Nike, and Airbnb. Klarna distributes through major payment service provider partnerships including J.P. Morgan Payments, Stripe, and Nexi, with Adyen, Fiserv's Clover, Worldline, and Worldpay expected to go live. The company has applied for a U.S. bank charter to expand product breadth for its 30 million U.S. consumers. Updated Aug 18, 2026