Klarna sells UK loans to hedge fund Elliott to fuel £30bn growth plan

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Financial Times 18h ago

Klarna sells UK loans to hedge fund Elliott to fuel £30bn growth plan - Financial Times

Quick Summary:

As part of the deal, Elliott has bought a junior note in a vehicle that will hold the loans.

Klarna said the sale of its checkout business was made principally to allow it to sign partnership deals with checkout providers such as Adyen in other markets without directly competing with them.

Klarna’s “pay in three” and “pay in 30” loans allow customers to pay in either three monthly instalments or in a single instalment within 30 days.