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18.11.25 - 14:57
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Klarna Delivers Record-breaking Q3 as AI-Powered Digital Bank: $903 Million in Revenue and 4 Million Card Sign-ups in 4 Months (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Regulatory News:
Klarna, the global digital bank and flexible payments provider, reported record results in its first quarter as a public company, surpassing analyst expectations. The company expects to exceed $1 billion in revenue in Q4 2025, its first billion-dollar quarter.
Sebastian Siemiatkowski, CEO & Co-Founder, said: “Q3 was our strongest quarter ever — proof that our AI-driven model is working at scale, with U.S. revenue up 51% and GMV up 43%. The Klarna Card has taken off with four million sign-ups in four months, and Fair Financing continues to gain market share. While accounting timing creates a short-term profitability lag, we expect transaction margin dollars to increase by over $100 million in Q4 as revenue compounds.”
Q3 Highlights:
Revenue $903 million (+26% LfL, +28% reported) – a record high
GMV $32.7 billion (+23% LfL, +43% U.S.)
Klarna Card 4 million signups since July – accounting for 15% of global transactions in October
27 million new users and ...
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18.11.25 - 13:12
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Klarna Powers Fair Financing Hypergrowth with $6.5bn US Agreement (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Klarna, the global digital bank and flexible payments provider, announced today that investment funds managed by Elliott Investment Management, a U.S.-based investment firm, will purchase Klarna's U.S. Fair Financing loans, supporting the continued expansion of this product in the United States. The companies expect to facilitate a total of $6.5bn-worth of loans over the two-year term of the agreement.
The agreement enables Klarna to sell part of its existing Fair Financing portfolio and, from October onwards, newly originated Fair Financing receivables to the Elliott-managed funds on a rolling basis. The transaction provides scalable, off-balance-sheet funding to support Klarna's growing U.S. consumer credit business, while delivering strong returns and improving the company's financial flexibility and long-term capital efficiency.
The back-book sale secures immediate revenue realization and enables full facility utilization early in the program. The forward flow structure o...
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