Klarna to exit checkout business after finding conflict of interest with rivals Adyen and Stripe

Sarah Wolter

June 25, 2024

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Sarah Wolter

payments

The Swedish firm confirmed that an investor consortium led by Kamjar Hajabdolahi had agreed to buy Klarna Checkout in a deal worth 5.4bn kronor (£407m). Klarna Checkout enables merchants to work directly with Klarna to put its offerings on their site while also allowing them to partner with payment service providers (PSPs) like Stripe or Adyen to make Klarna’s products available.

“Klarna is looking to divest the Klarna Checkout to remove the friction and completely focus on working with its distribution channels,” the documents added. “Thus, creating a simple relationship to all partners without the PSP vs Checkout conflict.”

https://uk.finance.yahoo.com/news/klarna-exit-checkout-business-finding-103149010.html?_hsenc=p2ANqtz--kmOg6VUFN1A5N2aKBiPB8uRbmEqL9AibVoP84KQoPZVRLCLGE6P_G0ONruCtYDnYS8y09HzXO6u3JBzkN_tXSDmVU1A&_hsmi=313011499&guccounter=1