Klarna expanded its partnership with Elliott Investment Management by doubling its loan sale agreement to $2 billion. The agreement extension to three years enables Klarna to facilitate up to $17 billion in U.S. loans.
Klarna will sell newly originated U.S. loan receivables to Elliott-managed funds on a rolling basis. This off-balance-sheet funding model allows Klarna to scale while retaining control over underwriting and consumer servicing.
The deal follows strong growth in U.S. Financing Gross Merchandise Volume in the last quarter of 2025. Klarna shares rose 4% following the announcement.