Klarna strikes $6.5 billion loan deal with Elliott funds to boost US push

By Pritam Biswas (Reuters) -Klarna said on Tuesday it will sell up to $6.5 billion of loans to funds managed by ​Elliott Investment Management over a two-year period, as part of efforts ‌to expand its buy-now-pay-later business in the U.S. The agreement allows the Swedish fintech to sell ‌a portion of its existing Fair Financing portfolio to Elliott funds and, from October, to transfer newly originated receivables to those funds on a rolling basis. "This is another major step in our U.S. growth journey. ...