Klarna is selling its online checkout business for approximately €485 million to a consortium of investors led by BLQ Invest CEO, Kamjar Hajabdolahi, with the transition set for October. The strategic move aims to eliminate conflicts of interest with partners like Adyen and Stripe, allowing Klarna to focus on collaboration with these payment service providers and compete effectively with platforms such as Apple Pay and PayPal. Klarna Checkout, launched in 2012 and holding significant market share in the Nordics, will continue under new ownership, ensuring ongoing value creation for existing merchant partners.

Klarna sells Checkout business