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Posted by Defense World Staff on Jul 21st, 2026

Amova Asset Management Americas Inc. lifted its position in shares of Klarna Group plc (NYSE:KLAR – Free Report) by 57.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,198,554 shares of the company’s stock after acquiring an additional 438,930 shares during the quarter. Amova Asset Management Americas Inc. owned approximately 0.32% of Klarna Group worth $15,701,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in KLAR. US Bancorp DE bought a new position in Klarna Group in the 3rd quarter worth approximately $30,000. Global Retirement Partners LLC raised its stake in shares of Klarna Group by 800.0% during the 4th quarter. Global Retirement Partners LLC now owns 900 shares of the company’s stock valued at $26,000 after purchasing an additional 800 shares during the period. Allworth Financial LP purchased a new stake in Klarna Group during the 3rd quarter worth about $37,000. Leonteq Securities AG purchased a new stake in Klarna Group during the 4th quarter worth about $29,000. Finally, CWM LLC boosted its stake in Klarna Group by 172.9% in the 4th quarter. CWM LLC now owns 1,498 shares of the company’s stock worth $43,000 after purchasing an additional 949 shares during the period.

Klarna Group Stock Up 0.1% NYSE:KLAR opened at $18.77 on Tuesday. The company has a fifty day moving average of $17.82 and a 200 day moving average of $18.17. Klarna Group plc has a 52 week low of $12.06 and a 52 week high of $57.20. The firm has a market capitalization of $7.09 billion and a P/E ratio of -36.09.

Klarna Group (NYSE:KLAR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 20th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.12. Klarna Group had a negative net margin of 5.21% and a negative return on equity of 7.62%. Klarna Group’s quarterly revenue was up 42.7% compared to the same quarter last year. As a group, analysts anticipate that Klarna Group plc will post 0.05 EPS for the current year.

Analyst Ratings Changes A number of equities research analysts recently issued reports on KLAR shares. Barclays initiated coverage on Klarna Group in a research report on Wednesday, July 8th. They issued an “equal weight” rating and a $20.00 price objective on the stock. The Goldman Sachs Group upped their target price on shares of Klarna Group from $21.00 to $25.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods raised their price target on Klarna Group from $22.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 15th. Deutsche Bank Aktiengesellschaft lifted their price target on Klarna Group from $18.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. Finally, UBS Group upped their price objective on Klarna Group from $20.00 to $23.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.11.

Get Our Latest Stock Analysis on KLAR

Klarna Group Company Profile (Free Report)

Klarna Group is a global payments provider specializing in “buy now, pay later” (BNPL) solutions for online and in-store shoppers. The company partners with merchants to offer flexible payment options, including interest-free installments and deferred payments, aiming to enhance conversion rates and customer loyalty. Klarna’s platform integrates risk assessment, fraud prevention, and a one-click checkout experience to streamline transactions for both retailers and consumers.

Through its digital wallet and mobile app, Klarna enables users to manage purchases, track spending and access exclusive shopping offers from partner merchants.

Featured Articles Five stocks we like better than Klarna Group The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding KLAR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Klarna Group plc (NYSE:KLAR – Free Report).

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NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, has completed a $518 million Significant Risk Transfer, freeing up capital to support strong consumer demand for its products. The 3-year agreement supports $12 billion in additional lending and forms part of Klarna's wider capital-efficiency program, which pairs SRTs with forward-flow and warehouse financing to support growth in a capital-lighter way. The transaction is the second SRT Klarna has complete.

By PYMNTS  |  July 14, 2026

 | 

Klarna is working on a significant risk transfer (SRT) that will enable it to offload credit risk tied to buy now, pay later (BNPL) loans and free up capital, Bloomberg reported Tuesday (July 14), citing unnamed sources.

The SRT is tied to about 5 billion kroner (about $516 million) of loans originated by Klarna’s Swedish unit, and the transaction may be completed by the end of the quarter, according to the report.

Reached by PYMNTS, Klarna declined to comment on the report.

SRTs, which are also known as synthetic risk transfers, allow investors to earn regular payments in return for taking on credit risk from a lender’s portfolio.

Klarna is working on its SRT while looking to roll out new products and grow its business in several countries, especially the United States, at a time when its shares are trading at about half the price they achieved in the company’s September initial public offering, according to the Bloomberg report.

An SRT would enable Klarna to undertake new lending, acquisitions or shareholder payouts, per the report.

Klarna announced in April that it entered into a new SRT that covers $1.7 billion in euro-denominated loans and frees up capital to support continued growth. The company said the deal was its sixth SRT transaction.

“This is our largest and most efficient SRT transaction to date,” Klarna Chief Financial Officer Niclas Neglén said in an April 1 press release. “These transactions allow us to maximize every unit of capital to support our continued momentum.”

Klarna said during a May earnings report that in the first quarter, its revenue increased 44% year over year to reach $1 billion and its gross merchandise volume rose 33% to $33.7 billion.

PYMNTS reported at the time that Klarna pushed deeper into everyday spending during the quarter as consumers used BNPL for everything from groceries to larger-ticket purchases and as deposits, debit usage and point-of-sale financing accounted for a greater part of the company’s growth story.

Klarna announced July 6 that it applied to establish Klarna Bank USA, its proposed Utah-chartered industrial bank. The company has been licensed as a bank in Europe since 2017 and offers banking services in the U.S. through a network of partners.

NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, will publish its Q2 2026 earnings on its investor relations website (investors.klarna.com) on Tuesday, August 18, 2026, before market open. Klarna will host an earnings webcast to discuss the financial results at 8:30 a.m. ET on the same day.

Klarna, the global digital bank and flexible payments provider, has established its first forward flow and warehouse financing agreement in Germany, a €900 m

MUNICH & NEW YORK--(BUSINESS WIRE)--Flix and Klarna, the global digital bank and flexible payments provider, today announced an expanded partnership that brings more flexible payment options to millions of travelers across its platforms. Beginning today, Klarna will be available in 21 Flix markets, adding the UK, Germany, Italy, France, Poland, Switzerland, Austria, and Spain, among others, to its existing presence in the U.S. and Sweden. With Klarna now embedded directly into the Flix booking.

NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and payments provider, and Southwest Airlines® today announced a long-term partnership to bring new flexible, transparent payment options to millions of Southwest® customers across the United States.

More than one in four Americans say they're more likely to book when flexible payment options are available at checkout1. Starting later this year, travelers booking on Southwest.com® and the Southwest® app will be able to choose from Klarna’s range of payment options at checkout, including paying in full, splitting the cost into four interest-free installments, or financing their trip over time.

"Southwest has spent over 50 years making flying accessible to more Americans, and we're proud to be the partner that takes that mission one step further," said David Sykes, Chief Commercial Officer at Klarna. "Whether booking a long weekend or a cross-country trip, millions of travelers will now have access to Klarna's flexible payment options at checkout, providing a smart booking experience that gives travelers more choice in how they pay."

The partnership places Klarna in front of one of the largest travel audiences in the country. Southwest carries more nonstop domestic passengers than any other U.S. airline, serving over 134 million customers in 2025.2 For Klarna, the deal marks another milestone in its push to become the default payment choice for travel. No other player in the space matches Klarna's global scale or the breadth - 119 million consumers across 26 countries - of its financial products, from flexible payments to savings and spending tools. Known for its transparent pricing and customer-first approach, Southwest is a natural partner for Klarna as it continues to scale its presence in travel.

“Southwest is focused on giving more choice to Customers when they travel with us,” said Corbitt Burns, Managing Director Loyalty & CoBrand at Southwest Airlines. “With Klarna’s flexible payment options, customers gain another convenient way to book flights and enjoy our industry-leading reliability and Hospitality.”

1 https://www.empower.com/the-currency/money/buy-now-pay-later-statistics
2 Based on U.S. Dept. of Transportation quarterly Airline Origin & Destination Survey as of Q4 2025

Forward-looking statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives and market opportunities. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.

About Klarna

Klarna is a global digital bank and flexible payments provider. With over 119 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 (NYSE: KLAR). For more information, visit Klarna.com.

Category: Partnerships

Klarna, the Swedish fintech firm best known for its buy now, pay later offerings, said Monday it applied to federal and state regulators to establish a U.S. bank subsidiary.

The firm said that, if approved, Klarna Bank USA would be a Federal Deposit Insurance Corp.-backed institution chartered in Utah. The proposed bank would be led by Gary Harding, former CEO of Milestone Bank and Prime Alliance Bank, according to Klarna.

"We've seen firsthand the appetite for a fairer, more transparent approach in the U.S., and our own banking license is the natural next step," said Sebastian Siemiatkowski, co-founder and CEO of Klarna.

The move will give "customers tools to borrow responsibly and build financial confidence, while bringing greater competition, innovation, and choice" to the market, he said.

Klarna's application is the latest sign that fintech firms, which mostly partner with U.S. banks to offer services, now see owning their own charters as a key advantage. In April, fintech provider Mercury said it won conditional approval to establish its own bank, joining a wave of fintech and crypto firms seeking entry to the traditional banking system.

Klarna said that its charter, if approved, would let it bring its banking operations in-house and strengthen reliability across payments, credit and merchant services.

The application marks Klarna's latest step toward becoming a broader consumer bank rather than just a buy now, pay later provider. Last month, Klarna introduced high-yield savings accounts to U.S. customers, though its partner WebBank holds those accounts. 

By owning a bank, fintech firms can fund loans with their own customer deposits instead of more expensive wholesale financing, directly offer checking accounts and credit cards and rely less on third-party banking partners.

Klarna, which went public last September, is trading for about half of its initial public offering price of $40.

NEW YORK--(BUSINESS WIRE)--Klarna (NYSE: KLAR), the global digital bank and flexible payments provider, today announced it has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) to establish Klarna Bank USA, a proposed Utah-chartered industrial bank. Klarna has operated as a licensed bank in Europe since 2017 and serves U.S. customers through valued partner banks. Since 2019, Klarna has provided Americans with access to o.

European regulatory actions are beginning to reshape parts of the buy now, pay later (BNPL) sector, potentially shifting the capital trajectory of financial technology players. A historic antitrust verdict could redefine the balance sheet potential of one of the most heavily debated growth assets on the market, penalizing a digital search monopoly while also providing an aggressive competitor with a lucrative, non-dilutive financial runway.

When the Swedish Patent and Market Court dropped a $1.97 billion damages penalty on Alphabet Inc. NASDAQ: GOOGL this week, global headlines immediately focused on the escalating regulatory pressures facing tech monopolies. The Swedish court ruled that Alphabet systematically abused its dominant position in search to favor proprietary shopping tools over independent price-comparison platforms. While this sets a distinct legal precedent for Big Tech monopolies, the actionable story for retail investors is not about the loser in the courtroom.

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Weighing the Impact on Klarna's LedgerKlarna Group Today

$19.72 0.00 (-0.01%)

As of 07/2/2026 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$12.06▼

$57.20Price Target$32.12

The true narrative centers on the victor, Klarna Group NYSE: KLAR, and how an unexpected influx of capital could reshape its balance sheet and accelerate its path to profitability. To understand the magnitude of this event, investors must look past the legal jargon and evaluate the raw numbers.

Klarna's PriceRunner subsidiary successfully proved its case against Alphabet, resulting in the largest competition damages award in Swedish history. More importantly for shareholders, that $1.97 billion judgment represents roughly 25% of Klarna's total market capitalization of $7.37 billion. This legal windfall provides a critical anchor for a stock navigating a turbulent post-IPO environment.

The $1.97B Injection Klarna Desperately NeedsTo accurately price this catalyst, investors must position the cash award relative to Klarna's current financial realities. Klarna went public in a highly anticipated September 2025 initial public offering, but shares have struggled to maintain momentum.

Klarna's stock price has remained down approximately 30% since the start of the year, trading near $20. A major factor driving that downward pressure was the expiration of Klarna's post-IPO lock-up period on March 9, 2026, which abruptly opened approximately 335 million pre-IPO shares to potential institutional liquidation.

Despite the sluggish chart performance, the underlying business is executing at an exceptional level. In its most recent quarter, Klarna delivered top-line revenue of $3.51 billion on an annualized basis, reflecting a 42.7% year-over-year growth. Klarna also reported an earnings-per-share loss of 1 cent, beating the consensus estimate of a 13-cent loss.

Klarna remains an unprofitable enterprise in its current growth phase. Trailing 12-month net margins sit at -5.21%, translating to a net income loss of $294 million. When an operation runs with negative margins and a lofty forward price-to-earnings ratio of nearly 500, access to cheap capital is critical. A $1.97 billion non-dilutive capital injection is the ultimate fundamental stabilizer. It provides Klarna with the financial runway it needs to fund its aggressive expansion without tapping high-interest debt markets or issuing new equity that would dilute existing shareholders.

Klarna Group plc (KLAR) Price Chart for Friday, July, 3, 2026

Defending the Title Through the Appeals ProcessWhile a headline figure of nearly two billion dollars is enough to send shares up 6% in a single session, pragmatic investors must discount that gross figure before modeling it into future cash flows.

Alphabet operates with a deeply entrenched legal defense infrastructure and has already signaled its intent to appeal the Swedish court's decision. This introduces immediate appellate friction, meaning the capital will not hit Klarna's balance sheet this quarter or likely even this year. The timing of the liquidity event remains highly uncertain, and markets despise uncertainty.

The net payout will be significantly smaller than the gross award. Klarna acquired PriceRunner in 2022, and the structure of that acquisition, combined with the immense costs of a multi-year antitrust lawsuit, guarantees the final judgment could be reduced.

Litigation funders, legal teams, and former PriceRunner stakeholders will all take their contractual percentages. What remains will then be subject to applicable corporate taxation. The net cash position Klarna eventually secures will still be highly impactful, but anchoring a valuation model to the raw $1.97 billion figure is a fast track to mispricing the equity.

Alphabet's Stock Barely ReactedLooking at the other side of the courtroom reveals an entirely different market reality. Alphabet shares remained largely insulated by the headline, trading modestly higher during the July 1 session. Alphabet's short interest currently sits at an immaterial 0.84% of the public float, representing roughly 89.84 million shares. Institutional bears are not leveraging European antitrust headwinds as a short thesis, proving the broader market prices the penalty as an operational expense rather than a structural valuation threat.

Alphabet is experiencing consistent insider selling, with executives like Sundar Pichai and John Kent Walker offloading millions of shares, but this distribution is tied to valuation highs and capital structuring, not regional litigation fears. The market is currently digesting Alphabet's recently announced $80 billion equity financing plan designed to fund $36 billion in artificial intelligence (AI) infrastructure expansions. That dilution risk is the primary downward pressure on Alphabet, not the Swedish penalty.

Assuming the legal victory holds through the appeals process, Klarna will aggressively deploy its new capital to compete in that same artificial intelligence arena. Klarna is repositioning itself from a simple checkout button to a comprehensive, AI-driven commerce destination.

The PriceRunner architecture is already embedded across 13 distinct geographic markets, allowing Klarna to offer consumer price comparisons directly within its proprietary app. By vertically integrating search, product discovery, and flexible payments into a single ecosystem, Klarna aims to capture consumer intent before they ever reach a traditional search engine.

For institutional backers like SoftBank Group and Silver Lake, this legal victory validates the strategic foresight behind the 2022 PriceRunner acquisition.

Placing Bets After the Final BellThe Swedish antitrust ruling creates a distinct structural catalyst for Klarna, temporarily overriding broader macroeconomic concerns regarding consumer spending. The fundamental reality is that Klarna is growing revenue at a 42.7% clip, beating earnings estimates, and now has a historic legal judgment serving as a long-term financial backstop.

Investors looking for high-beta exposure to the evolving digital payments landscape might want to add Klarna Group to their watchlist as the market digests the long-term balance sheet implications of this courtroom knockout.

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Klarna Group plc (NYSE: KLAR) wishes to update investors that the Patent and Market Court in Stockholm, Sweden (Patent- och marknadsdomstolen) has again postpo

Key Takeaways Klarna will add Pay in Full and installment payments to Bolt rides and scooter trips in four markets.Klarna gains exposure to Bolt's 200M customers, expanding beyond retail and e-commerce.KLAR reported Q1 2026 active consumers up 21% and GMV up 33%, supporting growth efforts. Klarna Group plc (KLAR - Free Report) is expanding into mobility through a new partnership with Bolt, a leading European shared mobility platform. Per the agreement, Klarna’s payment options will be integrated directly into the Bolt app, allowing users in Sweden, Germany, Finland and Norway to pay for car rides and scooter trips using Klarna’s “Pay in Full” feature or customized monthly installment plans. Using secure tokenization, riders can link accounts once for seamless automated billing on future trips. The rollout is expected to wrap up across these markets by late June 2026.

The partnership extends Klarna’s reach beyond its traditional retail and e-commerce roots into transportation services. By embedding its payment solutions into a service consumers use regularly, Klarna can become a larger part of customers’ daily spending habits while expanding its reach through Bolt’s network of more than 200 million customers across 50 countries.

The move aligns with Klarna’s strategy of increasing payment frequency and driving engagement beyond online shopping. Mobility services are particularly attractive because they generate recurring transactions and encourage repeat usage. Integrating Klarna into the Bolt app will also increase its visibility among millions of users across Europe.

The partnership supports Klarna’s efforts to diversify its revenue base. Klarna entered the deal with strong momentum, as active consumers rose 21% year over year to 119 million and Gross Merchandise Volume (GMV) increased 33% in first-quarter 2026. While the initiative is unlikely to have a material near-term financial impact, it strengthens Klarna’s long-term growth strategy and expands its presence across consumer transactions.

How Are Competitors Faring?While Klarna is expanding into everyday mobility payments, other payment companies like Affirm Holdings, Inc. (AFRM - Free Report) and Visa Inc. (V - Free Report) are finding new ways to grow by tapping into travel and AI-driven commerce.

Affirm expanded its partnership with Royal Caribbean, bringing buy now, pay later (BNPL) options to cruise bookings in the United Kingdom and Canada. Affirm also strengthened its presence in the travel sector through broader integrations, reflecting its efforts to move beyond traditional retail purchases.

Visa recently integrated its payment capabilities into ChatGPT, allowing AI agents to securely complete purchases using tokenized credentials. The move highlights Visa's growing focus on AI-powered commerce and its efforts to make digital payments more seamless across emerging platforms.

KLAR’s Price Performance, Valuation & EstimatesShares of KLAR have lost 34.9% year to date compared with the industry’s decline of 16.7%.

Image Source: Zacks Investment Research

From a valuation standpoint, KLAR trades at a forward price-to-sales ratio of 1.46X, down from the industry average of 4.72X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for KLAR’s 2026 earnings is pegged at 4 cents per share, implying a 105.06% jump from the year-ago period’s level.

Image Source: Zacks Investment Research

KLARcurrently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Klarna, the global digital bank and payments provider, has partnered with Bolt, the European shared mobility platform, to bring Klarna's payment options directly into the Bolt app. Across Sweden, Germany, Finland and Norway, users can now pay for car rides and scooters with Klarna, with car rentals also available in Germany.

The integration is built on tokenised payments, allowing users to pay through their stored credentials without re-entering details for each trip. In all four markets, customers can choose to pay in full or pay monthly with Klarna.

The rollout is already underway, with full availability across all four markets expected by the end of June 2026.

The partnership brings together two of Europe's largest consumer platforms: Bolt serves more than 200 million customers across over 50 countries, while Klarna has over 119 million active users worldwide. For Klarna, it deepens a growing presence in everyday, high-frequency spending, placing the company at the point of payment for some of the most routine decisions people make in cities, alongside its reach in retail and travel.

"Bolt is where millions of people in our markets decide how to get around each day, and that is exactly where Klarna wants to be," said Björn Bryngelson, Head of Nordics at Klarna. "We are building Klarna into the moments that make up daily life, and few things are more everyday than how you move around your city."

"Whether it's getting to work, meeting friends or catching a train, people use Bolt to get around every day. Paying for those journeys should be just as simple. By adding Klarna, we're giving our customers another convenient way to pay for the transport services they use most often," said Kaspar Loog, Commerce and Payments Group Product Manager at Bolt.

Forward-looking statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives and market opportunities. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.

About Bolt

Bolt is a shared mobility platform that has operations in over 50 countries and 850 cities and provides shared mobility services, including ride-hailing, scooter and e-bike rental and car rental to over 200 million customers. More than 4.5 million drivers use the Bolt platform around the world. The company seeks to accelerate the transition from owned cars to shared mobility, offering better alternatives for every use case.

About Klarna

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 (NYSE: KLAR). For more information, visit Klarna.com.

Category: Partnership News

View source version on businesswire.com: https://www.businesswire.com/news/home/20260617302622/en/

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NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, today launched the Klarna Shopping Search app in ChatGPT, bringing real-time product discovery directly into the conversation.

The launch comes as AI-powered product search reshapes online retail: during the 2025 holiday season, traffic from AI platforms to retail sites grew nearly 700%, with those shoppers converting at 31% higher rates.

Until now, consumers asking AI models for shopping help have had to open new browser tabs, navigate competing sites, and reconcile outdated prices. With the Klarna Shopping Search app in ChatGPT, they simply describe what they're looking for and instantly see visual results with up-to-date prices, availability, and offers from multiple merchants, all within the same conversation. The Klarna Shopping Search app then seamlessly redirects users to the merchant’s site to complete their purchase.

Powering the experience is Klarna's Product Search MCP server, which connects ChatGPT to Klarna's live commerce data of more than 100 million products and 400 million merchant listings across 13 markets, delivered directly inside ChatGPT so shoppers can find what they need before getting redirected to the merchant to buy. For merchants, Klarna Shopping Search opens a new high-intent discovery channel at the moment of decision. Retailers appear in organic results based on relevance, with options for clearly labeled sponsored placements to boost visibility.

"ChatGPT is where millions of people already turn when they're figuring out what they want," said David Sykes, Chief Commercial Officer at Klarna. "We're plugging our merchant network directly into that moment. A consumer who last week would have spent twenty minutes comparing tabs now gets a real answer in one conversation, creating a more seamless experience from idea to purchase."

The Klarna Shopping Search app is available now in ChatGPT.

Editor’s note: To access the Klarna Shopping Search app in ChatGPT, click “Apps” in the sidebar and search for “Klarna Shopping Search.” If you haven’t used the app before, select “Connect” and follow the prompts to connect to the app. If you’ve already connected, select “Start chat,” then describe what you’re looking for to browse real-time product results directly within the conversation.

About Klarna

Klarna is a global digital bank and flexible payments provider. With over 119 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 (NYSE: KLAR). For more information, visit Klarna.com.

Category: Partnership News

NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, is partnering with Tekion, innovator of the first end-to-end, AI-native platform serving the entire automotive retail ecosystem, to bring additional payment options to dealership service departments across the U.S. When a $1,200 brake job or a $3,000 transmission repair lands without warning, most customers have one option: put it on a credit card and figure it out later. That "figure it out later" is exa.

NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, is now available at Lands' End, a classic American lifestyle brand, offering customers more choice in how they pay online. Founded in 1963, Lands' End has built a loyal following across generations of American shoppers. With Klarna now live on landsend.com, customers can choose from pay in full, interest-free pay in 4, or longer-term financing, clear terms, no hidden fees, and eligibility checked upfront.

STOCKHOLM--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, has partnered with Arrive, a leading global mobility platform, to bring seamless and flexible payment options to millions of consumers across 15 markets. Through the partnership, drivers will be able to pay for parking using Klarna's Pay in Full, which will be available directly in Arrive's EasyPark app, ensuring payments can be made instantly. This provides consumers with more flexibility and control ov.

Flexible payments provider Klarna has launched a partnership with mobility platform Arrive.

The collaboration, announced Thursday (May 28), lets drivers pay for parking with Klarna’s Pay in Full, which will be available in Arrive’s EasyPark app, allowing for instant payments.

“This provides consumers with more flexibility and control over their everyday spending, and builds on Klarna’s growing presence in everyday spending and saving, where consumers increasingly use Klarna for recurring, low-friction purchases alongside savings products like Klarna Balance,” the companies said in a news release.

Formerly known as EasyPark, Arrive’s parking network encompasses millions of spots in more than 20,000 cities and 90 countries, and aims to become the leading software provider for “every mode of transportation,” including cars, buses and trains, according to the release.

“The integration of Klarna ensures that the payment process for our EasyPark app users remains as effortless as the rest of the traveler’s journey,” Debbie Guerra, general manager of payments at Arrive, said in the announcement.

“By offering Klarna’s flexible and trusted user experience across its markets, Arrive reinforces its commitment to convenience, providing a seamless financial option that perfectly aligns with the high-frequency, everyday needs of its customers.”

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The first markets are expected to go live during the second quarter of the year, with a phased launch scheduled in Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Portugal, Spain, Sweden and Switzerland. The companies say they hope to expand the services into additional countries after the initial rollout.

The partnership comes as consumers increasingly turn to digital wallets to make payments, especially higher-stress consumers.

Research by PYMNTS Intelligence shows that 28% of these consumers used digital wallets for their last retail purchase, versus 11% of low-stress consumers. The same pattern shows up in grocery purchases, with 21% of high-stress consumers using digital wallets, compared with 8% of low-stress consumers.

The report, “The New Checkout: Crimped Consumers Lean Into Online Retail and Digital Wallets,” suggests that wallets may be seeing more traction as they provide access to buy now, pay later options, spending visibility and bank-like features.

“Consumers are not only looking for cheaper options,” PYMNTS wrote. “They are looking for more control. Digital wallets can put payment choice, short-term financing, transaction history and budgeting tools in one place.”

In other Klarna news, the company last week introduced the Klarna Shopping Search app in ChatGPT, letting consumers search for products, compare prices, see availability and compare offers from multiple retailers without leaving the AI chat experience.

As the buy now, pay later market matures, 2026 presents a crossroad for investors choosing between Affirm (AFRM 0.55%) and Klarna Group (KLAR 0.57%). Which of these digital payment leaders offers the better opportunity?

Affirm has built its reputation on transparent lending for significant purchases in the United States. Klarna has evolved into a global retail bank with a massive international footprint across 26 countries. Both are vying to replace traditional credit cards by offering flexible payment terms at checkout.

The case for AffirmAffirm operates a specialized payment network that emphasizes interest-free and simple interest loans for consumer purchases. It has secured a prominent position among tech stocks by partnering with massive retail platforms. The company relies on key commercial partners, such as Amazon and Shopify, to drive transaction volume.

Customer concentration like this adds a layer of risk to the business. If these retail giants were to shift their preferences, Affirm could see a significant drop in activity. However, the company continues to expand its reach with nearly 377,000 active merchants currently using its proprietary underwriting tools.

In FY 2025, revenue reached approximately $3.2 billion, up roughly 38.8% year over year. The company reported net income of close to $52.2 million during this period. The net margin, the percentage of revenue retained as profit, stood at nearly 1.6%.

As of its June 2025 balance sheet, the current ratio was roughly 54.2x. This current ratio measures the company's ability to cover its short-term obligations with short-term assets. The debt-to-equity ratio, comparing total debt to shareholder equity, was approximately 2.6x.

Free cash flow for the fiscal year was nearly $601.7 million. Free cash flow is the cash a company generates after accounting for capital expenditures. Note that stock-based compensation represented roughly 40.5% of operating cash flow, which inflates reported cash generation since SBC is a non-cash expense added back in the cash flow statement.

The case for KlarnaKlarna has successfully transitioned from a simple payment provider into a global digital bank. Its platform currently serves roughly 118 million active consumers and works with nearly 966,000 merchants worldwide. The company has secured partnerships with diverse global brands including Uber, Nike, and Airbnb.

By offering a suite of banking and shopping tools, Klarna aims to be the primary financial app for its users. This strategy focuses on high-frequency, smaller transactions compared to Affirm's focus on larger purchases. The global reach allows Klarna to diversify its revenue across different geographic economies.

In FY 2025, Klarna generated revenue of approximately $3.5 billion, which was an increase of about 31.6% from the prior year. Despite the growth, the company reported a net loss of roughly $294.0 million. This resulted in a net margin of close to -8.4% for the fiscal year.

As of the December 2025 balance sheet, Klarna maintained a debt-to-equity ratio of approximately 0.5x. The current ratio, which compares short-term assets to short-term liabilities, was roughly 1.0x. These figures suggest a different capital structure than its primary American competitor.

Free cash flow was negative for the period, totaling approximately -$1.0 billion. Negative free cash flow indicates the company is spending more on operations and capital investments than it is bringing in from customers. This often happens when a company is prioritizing aggressive international expansion over immediate cash preservation.

Risk profile comparisonAffirm faces significant risks regarding its reliance on a small number of originating bank partners like Celtic Bank. If these partnerships were to end, the company might struggle to fund its loans. Furthermore, Affirm must navigate intense competition from legacy credit card issuers and other fintech firms like PayPal (PYPL 0.18%).

Klarna operates in a highly regulated global banking environment which carries risks of legal and compliance changes. The company also faces massive competition from deep-pocketed tech giants like Apple (AAPL 0.29%) and Alphabet (GOOG 2.09%)(GOOGL 2.14%). Both of these competitors have integrated payment solutions that are already installed on billions of mobile devices worldwide.

Valuation comparisonAffirm appears to have a more attractive valuation based on earnings estimates, while Klarna trades at a lower multiple of its total annual sales.

MetricAffirmKlarnaSector BenchmarkForward P/E58.8x89.2x40.4xP/S ratio7.6x2.0xSector benchmark uses the SPDR XLK sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.

Affirm and Klarna are in the same business: a short-term financing model known as buy now, pay later (BNPL). Both have built a massive network of merchants and brands and continue to grow. But they operate a little differently, and for investors, they offer different opportunities.

Affirm partners with huge, well-known companies such as Amazon, Apple, Shopify, and Costco. It’s the BNPL of choice for larger purchases and offers the added benefit of not charging late fees. It also allows for longer-term financing, from one month to five years. Recently, it hit an important milestone, achieving generally accepted accounting principles (GAAP) profitability.

Klarna, on the other hand, serves over 100 million customers worldwide. It focuses on customers who make smaller e-commerce purchases, and its transaction volume is much higher than Affirm's. It has been investing in AI to improve its efficiency and reduce costs. But lower consumer spending on discretionary items and delinquent payments have raised concerns for investors.

Both companies have benefits and drawbacks. I don't think Klarna is a bad investment, but I would choose Affirm. Its partnerships with large, well-known companies that are less sensitive to economic downturns give it a better foundation.

Klarna Group plc (NYSE: KLAR) wishes to update investors that the Patent and Market Court in Stockholm, Sweden (Patent- och marknadsdomstolen) has postponed publication of its judgment in the antitrust damages proceedings brought by PriceRunner, a Klarna subsidiary, against Google.

The Court has rescheduled publication of its judgment from 10 June to 26 June, 2026 at 11:00 CET.

Important Notice

The outcome of the proceedings is inherently uncertain. No assurance can be given that PriceRunner will succeed on liability or quantum. Any award would be subject to appeal by Google, to sharing arrangements with former PriceRunner shareholders and Klarna’s litigation funder, and to applicable taxation. The dollar amount of the claim should not be taken as an indication of any likely recovery. This announcement does not constitute a profit forecast.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. These statements include, but are not limited to, statements regarding our future financial performance, business strategy, growth objectives, market opportunities, operational plans, including the outcome of legal cases. Words such as "believe," "expect," "anticipate," "intend," "plan," "will," "may," "could," "estimate," and similar expressions identify forward-looking statements.

These forward-looking statements are subject to risks, uncertainties, and assumptions that could cause actual results to differ materially from those expressed or implied, including risks related to:

Our ability to retain and grow consumer and merchant relationships; Competition and technological developments; Regulatory compliance and licensing requirements; Our ability to achieve expected benefits from our funding arrangements; Credit risk management and funding availability; General economic conditions and market volatility; and Our ability to expand into new markets and products. Forward-looking statements reflect our views as of the date of this release and are based on information currently available to us. We undertake no obligation to update any forward-looking statements, except as required by law. Actual results may differ materially from those anticipated. Investors should not place undue reliance on these forward-looking statements and should review the risk factors in our filings with the SEC for a more complete discussion of risks.

About Klarna

Klarna is a global digital bank and flexible payments provider. With over 119 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 1 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 (NYSE: KLAR). For more information, visit Klarna.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260603492570/en/

Klarna, the global digital bank and flexible payments provider, today announced a partnership with Ulta Beauty, the largest specialty beauty retailer in the U.S., to bring flexible payments to millions of U.S. customers shopping on Ulta.com or through the Ulta Beauty app.

Ulta Beauty shoppers can now enjoy more flexibility when shopping for the beauty products they love, with Klarna payment options at checkout - pay in full, split purchases into four interest-free installments, or choose longer-term financing for larger purchases.

"Ulta Beauty is where millions of Americans turn for everything beauty and wellness has to offer, from emerging to established brands across all price points," said David Sykes, chief commercial officer at Klarna. "Whether a guest is checking out on Ulta.com or tapping through the Ulta Beauty app, they now have the power to pay in full, split their purchase into four interest-free installments, or select financing, giving them the freedom to choose what works best."

“Our digital channels play an increasingly important role in how guests discover, explore and shop beauty,” said Jodi Williams, vice president of ecommerce at Ulta Beauty. “Partnering with Klarna allows us to enhance that experience with more payment flexibility at checkout, supporting a seamless journey that gives guests more control over how they shop Ulta Beauty online and in our app.”

About Klarna

Klarna is a global digital bank and flexible payments provider. With over 119 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 (NYSE: KLAR). For more information, visit Klarna.com.

Category: Partnerships

View source version on businesswire.com: https://www.businesswire.com/news/home/20260603202916/en/

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Klarna has launched a new security measure designed to protect its customers from impersonation scams.

The company has added to its app a Klarna Inbox that mirrors all official communications from the company to the customer, including emails, SMS, push notifications and physical letters, it said in a Thursday (June 4) press release emailed to PYMNTS.

If the customer receives a message anywhere that claims to be from Klarna, they can verify it with the Klarna Inbox. If there’s not a copy of the message in there, the message is not from Klarna, according to the release.

The Klarna Inbox is now live in the Klarna app in all markets, per the release.

“Financial fraud hurts real people every day, and we’re not going to stand by while scammers impersonate us to steal from our customers,” Klarna Chief Product and Design Officer David Fock said in the release. “Our new inbox gives people a simple way to know what’s actually from Klarna. If you’re unsure about a message, just check the app. If it’s not there, it’s not from us.”

The Federal Trade Commission (FTC) said in April 2025 that impersonation scams cost Americans $2.95 billion in 2024. The agency added that scams in which criminals impersonate businesses and government offices are consistently one of the top frauds reported by consumers.

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The PYMNTS Intelligence report “Financial Scams and Consumer Trust” found that 81% of successful scams are impersonation scams in which fraudsters pretend to be trusted authorities, friendly strangers or personal contacts.

Klarna said in its Thursday press release that impersonation scams in which fraudsters pose as a trusted brand are one of the fastest-growing threats facing consumers.

“A fake message claiming to be from a bank, retailer or payments provider becomes the entry point to a customer’s wider financial life,” Klarna said. “Spotting these fake messages is harder than ever.”

Google introduced a feature designed to fight impersonation scams Tuesday (June 2). The company’s fake-call detection feature can identify phone calls that may be from a scammer trying to impersonate one of the recipient’s contacts. It then delivers a warning to the call recipient and suggests that they hang up.

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Klarna has expanded its financial services offering in the United States by adding a high-yield savings account to its app.

The new-to-the-U.S. Klarna Savings accounts are FDIC insured, have no minimum deposit and no monthly fees, enable direct deposit, and currently provide interest rates above 3% APY, the company said in a Tuesday (June 9) press release emailed to PYMNTS.

The savings accounts are provided and held by WebBank, member FDIC, according to the release.

Klarna Savings accounts also features built-in tools such as round-ups, scheduled transfers and savings goals, per the release.

“The average American earns less than half a percent on their savings, not because better options don’t exist, but because their bank hasn’t had to compete,” Klarna Co-Founder and CEO Sebastian Siemiatkowski said in the release. “Klarna is already where millions of Americans manage their everyday spending. Now it’s where they save too.”

Klarna Savings is already available in Europe, where the company has accepted over $12.3 billion in deposits across 11 markets, according to the release.

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PYMNTS reported in May that deposits, debit usage and point-of-sale financing increasingly are a part of Klarna’s growth story.

Siemiatkowski said during a May earnings call that the company’s broader engagement push is feeding its banking and deposit operations. Ninety-one percent of Klarna’s funding base now comes from consumer deposits with an average duration of 270 days, he said.

“Everyday spend feeds the deposits. Deposits fund the originations,” Siemiatkowski said.

Klarna said in March that its Klarna Card reached the milestone of 5 million customers as consumers seek more control over their money. The card draws from customers’ funds for day-to-day spending and gives them the option to spread the cost of specific purchases on things like travel or major appliances, without having to deal with long-term debt obligations.

“[Consumers are] voting with their wallets and looking for the control and flexibility in a single card,” Klarna Chief Marketing Officer David Sandström said at the time in a press release. “Unlike traditional banks, Klarna gives people the choice to pay now, or pay over time: the right tool for each situation.”