NEW YORK and LONDON – Värde Partners, a global investment firm specializing in credit and credit-related assets, today announced that a consortium led by Värde Partners has entered into a $1.7 billion Significant Risk Transfer (SRT) transaction with Klarna, a global digital bank and flexible payments provider.
The three-year agreement represents more than $40 billion of lending in Euro-denominated loans, freeing up capital to support Klarna’s continued growth.
“We are proud to put our expertise in both consumer assets and SRT transactions to work as a trusted partner to Klarna,” said Missy Dolski, Global Head of Asset-Based Finance at Värde Partners. “This transaction demonstrates our commitment to partnering with leading financial institutions on innovative, structured capital solutions that support their growth.”
Värde has over 30 years of experience investing in private credit markets and is an experienced investor in SRT transactions and other private capital solutions in partnership with banks and financial institutions. Through Värde’s Asset-Based Finance strategy, Värde is a leading provider of credit and liquidity solutions across North America and Europe, focusing on middle-market lending across commercial and consumer asset classes as well as fund finance. Värde has deployed $13 billion in this strategy since 2008.
About Klarna
Klarna is a global digital bank and flexible payments provider. With over 118 million global active Klarna users and 3.4 million transactions per day, Klarna’s AI-powered payments and commerce network is empowering people to pay smarter with a mission to be available everywhere for everything. Consumers can pay with Klarna online, in-store and through Apple Pay & Google Pay. More than one million retailers trust Klarna’s innovative solutions to drive growth and loyalty, including Uber, H&M, Saks, Sephora, Macy’s, Ikea, Expedia Group, Nike and Airbnb. Klarna is listed on the New York Stock Exchange (NYSE: KLAR). For more information, visit Klarna.com.
About Värde Partners
Värde Partners is a leading global investment firm specializing in credit and credit-related assets. Founded in 1993, the firm has invested more than $110 billion across the credit quality and liquidity spectrum and currently manages $16 billion in assets. With local investment teams and partnerships in North America, Europe and Asia Pacific, Värde invests across private and public markets with a focus on asset-based finance, real estate, corporate credit and Asia credit. For more information, please visit www.varde.com.