Klarna has expanded its forward-flow and whole-loan sale agreement with Elliott Investment Management, doubling the original $1B facility established in November 2025 to $2B while extending the term from two to three years. Under the deal, Klarna will sell newly originated US financing receivables to Elliott-managed funds on a rolling basis, providing off-balance-sheet funding while retaining underwriting and servicing on its end. The expanded arrangement is projected to enable Klarna to facilitate up to $17B in US financing loans over the remaining term, building on a partnership that also saw Elliott acquire Klarna’s UK loan portfolio in October 2024.
