Core Insights - Klarna plans to sell up to $6.5 billion of loans to funds managed by Elliott Investment Management over a two-year period [1] - This move is part of Klarna's strategy to expand its buy-now-pay-later business in the U.S. [1] Company Strategy - The sale of loans is aimed at enhancing Klarna's financial flexibility and supporting its growth in the competitive U.S. market [1] - By partnering with Elliott Investment Management, Klarna seeks to leverage external capital to bolster its operations [1] Market Context - The buy-now-pay-later sector is experiencing significant growth, with increasing consumer demand for flexible payment options [1] - Klarna's initiative reflects broader trends in the fintech industry, where companies are seeking innovative ways to finance their services [1]
Klarna strikes $6.5 bln loan deal with Elliott funds to boost US push