Klarna and Elliott Deepen Partnership With $2bn Facility Supporting $17bn of US Financing Expansion

Klarna, the global digital bank and flexible payments provider, doubled its existing forward-flow and whole-loan sale agreement with investment funds managed by Elliott Investment Management. The facility size doubles to $2bn and the term extends by one year to three years, enabling Klarna to facilitate up to $17bn-worth of US Financing loans during the remaining life of the program.

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“Klarna’s US Financing is growing fast because it gives Americans something the credit card industry never has: real choice, clear terms, and no surprises. This partnership sets the foundation for us to meet the accelerating demands of our American consumers.” — Niclas Neglen, Chief Financial Officer, Klarna

The upsizing reflects the strong performance of the program since the two companies first announced their partnership in November 2025. In Q4 2025, Klarna’s US Financing GMV grew significantly, and the expanded facility gives Klarna further capacity to support the accelerated demand. Under the agreement, Klarna sells newly originated US Financing receivables to Elliott-managed funds on a rolling basis, providing scalable, off-balance-sheet funding while retaining all consumer-facing activities, including underwriting and servicing.

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. 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 .

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