Klarna, the AI-powered global payments network and purchasing assistant, has disclosed the divestment of Klarna Checkout (KCO). The acquisition is being spearheaded by a consortium of investors, including Kamjar Hajabdolahi, the CEO and founding Partner of BLQ Invest. Klarna Checkout, which was established in 2012, has established a new standard for online purchasing in Northern Europe. Currently, the company has a market share of over 40% in Sweden and over 20% across the Nordics. BLQ Invest and Hajabdolahi are renowned for their "Buy and Build" strategy, which emphasizes the investment in and expansion of innovative Swedish companies.
The consortium will formally acquire Klarna Checkout on October 1, 2024. Klarna's prevalent payment methods will continue to be accessible during the purchasing process, as both parties are dedicated to a seamless transition and will work together in accordance with a distribution partner agreement. A structured process was implemented to facilitate the acquisition, with Deutsche Bank functioning as the exclusive financial advisor. To improve the shopping experience for consumers worldwide, Klarna continues to be a significant participant in the global payments network.
