By obtaining its banking license in Sweden, Klarna will be able to expand its product offering - including issuing payment cards and an all-in-one digital wallet
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Klarna gets a full banking license, gears up to go beyond financing payments
After Anders Holch Povlsen and his firm Brightfolk bought up a stake of at least $225 million in Klarna earlier this month, today the profitable Swedish payments startup, now valued at over $2.25 billion, is stepping up its game. Klarna has announced that it has picked up a full banking license from Finansinspektionen, the Swedish Financial Supervisory Authority.
