Klarna Bank AB

Digital bank · Stockholm, Sweden

Klarna Bank AB is a Swedish bank supervised by Finansinspektionen that has held a full banking licence since June 2017 and runs branches in Denmark, France, Germany, Ireland and the United Kingdom. Its business is buy now pay later: it lends consumers short-term credit at checkout, with an average loan duration of about 40 days, and charges retailers for the resulting sales. For a company the product is a checkout method and a set of marketing and advertising tools, not a business current account. Klarna reported SEK 171.6 billion of total assets and SEK 121.8 billion of deposits from the public at 31 December 2025, and listed on the New York Stock Exchange in September 2025.

Legal name: Klarna Bank AB (publ)
Regulated by: Finansinspektionen (Sweden)
Licence confirmed: yes, on a regulator's own list
Established: 2005
Website: www.klarna.com

Scores, 0 to 10

8.0Customer satisfaction

Trustpilot 4.5 out of 5 from 594,275 reviews, 76% five-star and 15% one-star. · source

6.5Europe (EU, EEA, Switzerland)

Swedish banking licence held since June 2017 with operating branches in Denmark, France, Germany and Ireland, but the euro-area product is consumer checkout credit rather than corporate banking. · source

6.5Financial strength & stability

CET1 ratio of 15.7% at 31 December 2025 for Klarna Holding, SEK 171.6 billion total assets, and a NYSE listing completed in September 2025. · source

6.0Online businesses: e-commerce and SaaS

Checkout credit live with more than 1.2 million merchants, plus express checkout, on-site messaging and in-store point of sale, integrated with the main gateways. The checkout products cover one-off purchases and instalments; there is no receiving account, accounting integration set or recurring-revenue financing for software firms. · source

5.5United Kingdom

Klarna Bank AB runs a UK branch and sells pay-later checkout to UK retailers, but offers no UK business current account and is not a UK clearing bank. · source

5.5Fast digital onboarding

Retailers sign up online or switch Klarna on inside an existing gateway, and merchant numbers grew 54% year over year to more than 1.2 million by 30 June 2026. · source

5.0United States

Klarna trades in the United States through a local subsidiary rather than a US bank charter, and its US offer is a checkout method for merchants. · source

4.0Lowest fees

The business pages advertise the products and quote no merchant rate, monthly fee or settlement cost; pricing is only given on application. · source

4.0Startups & VC-backed companies

Klarna onboards merchants of any size but runs no startup programme, venture debt or founder-specific account. · source

4.0Business cards (Visa, Mastercard)

Klarna issues consumer cards; its business pages list no business debit or credit card, virtual cards or spend controls. · source

3.5Best interest on business balances

Klarna holds SEK 121.8 billion of deposits from the public, but these are consumer savings accounts; no business deposit or treasury product is offered. · source

3.5Foreign-owned & non-resident companies

Klarna publishes no policy for merchants owned or directed from abroad, and contracts market by market across its 26 countries. · source

3.0Crypto-friendly bank

Klarna publishes no policy on onboarding crypto exchanges, brokers or miners; the business pages cover retail checkout and advertising only. · source

3.0Cross-border payments, FX and multi-currency accounts

Klarna settles retailers inside each of its 26 markets but publishes no multi-currency account, no currency list and no FX margin. No multi-currency accounts, cash pooling, hedging or host-to-host treasury connectivity; the corporate offer is checkout and marketing tools. · source

3.0Fintech companies that need a partner bank

Klarna sits inside other providers' stacks such as Stripe, Adyen and Mollie rather than supplying safeguarding accounts or rail access to payment firms. · source

3.0On-ramp: buy crypto with fiat

Since May 2026 Swedish consumers can pay the MiCA-licensed exchange Banxa with Klarna Pay Now, but that is a retail payment method, and Klarna Bank publishes no business path for companies to fund exchanges, so evidence for business clients is thin. · source

2.5Stablecoins (USDC, USDT and others)

KlarnaUSD was announced in November 2025 by the Klarna group, issued through Stripe's Bridge, not by Klarna Bank AB itself, and a September 2026 tracker shows it still on Tempo testnet, absent from the March 2026 mainnet launch, so no business can hold or pay out with it today. · source

2.0High-risk verticals (iGaming, cannabis, adult, forex)

Klarna's merchant offer is retail checkout credit and it publishes no onboarding path for gambling, cannabis, adult or forex operators. · source

2.0Off-ramp: crypto to fiat in a business account

Evidence is thin: Klarna Bank's business relationship is merchant settlement, it offers no business account that receives exchange proceeds, and it publishes no source-of-funds rule for crypto money, checked September 2026. · source

1.0Trade, manufacturing & import-export

No letters of credit, guarantees or supply chain finance; Klarna's lending is consumer checkout credit averaging about 40 days. · source

1.0Crypto wallet and custody for a business

Klarna holds no crypto for any client today; the wallet it announced with Privy in December 2025 is a research partnership for consumers that still needs licences, and nothing is offered to business accounts, checked September 2026. · source

1.0Accept crypto payments

Klarna's merchant checkout takes cards, bank transfers and instalments but no crypto or stablecoin, and the KlarnaUSD release of November 2025 describes merchant settlement only as a future plan, checked September 2026. · source

1.0Bitcoin

No bitcoin buying, holding or transfer at Klarna for business or retail clients; the group's crypto work in 2025 and 2026 covers only a stablecoin and a wallet study, checked September 2026. · source

1.0Ethereum

No ether or token service at Klarna for any client, checked September 2026. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.