- Klarna has signed an agreement with a subsidiary of Elliott Advisors (UK) Limited to sell “substantially all” of its short-term, interest-free product receivables in the UK.
- Klarna will retain ownership of all consumer-facing activities, including underwriting and servicing.
- Klarna’s CFO, Niclas Neglén, states the deal aligns with the company’s global growth strategy and frees up an estimated £30 billion in funds to use more effectively.
- The agreement is part of Klarna’s preparations for a potential stock market debut expected next year.
- Earlier strategic moves include:
- $515 million sale of Klarna Checkout in June.
- Acquisition of New Zealand-based BNPL firm Laybuy in August.
- Klarna has served 10 million UK customers in the past year, with a 33% increase in UK retailers using its services, now totaling over 40,000.
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Popular Categories
