Klarna Doubles $2B Elliott Deal To Fund Up To $17B In U.S. Financing Loans

Klarna has doubled its financing agreement with Elliott Investment Management from $1 billion to $2 billion, extending the term to three years. This partnership will enable Klarna to facilitate up to $17 billion in U.S. financing loans. The decision reflects strong performance in Klarna's U.S. Financing program, which has seen significant growth in recent quarters. The agreement allows Klarna to sell newly originated financing receivables while retaining consumer-facing activities.