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Apr 20, 2018

Klarna publishes annual report for 2017

April 20, 2018 – Today, Klarna Bank AB (publ) (“Klarna”) publishes its annual report for 2017.

2017 was a record year for Klarna with a 42% year over year growth in total sales volumes. The growth was mainly driven by an increased adoption of merchants, with Group total now amounting to 89,000, corresponding to a 26,000 increase compared to last year. 2017 also saw significant growth in the number of consumers, 19 million new customer started to use Klarna’s simple, safe and smoooth payment solutions during the year.

At Klarna, our purpose is to simplify buying. This is done by making buying simpler and safer for consumers and selling simpler and safer for merchants. Klarna’s business is primarily comprised of payment solutions and consumer credit products designed specifically for e-commerce. Klarna’s expertise within payments and financing, combined with a relentless focus on the user experience drive value for merchants as well as consumers.

The annual reports of Klarna Bank AB (publ) and Klarna Holding AB are available in English and Swedish at www.klarna.com. The annual results were made public with the Klarna year-end report on February 28. The annual reports have been approved by the AGM on April 13, and will be filed with Bolagsverket in Sweden within 30 days after the AGM.

For further information, please contact:

Aoife Houlihan, VP of Communications
+46 (0) 72855 8047

Or visit:

About Klarna

Klarna is one of Europe’s leading payments providers and fully licensed bank, which wants to revolutionise the payment experience for shoppers and merchants alike. Founded in Stockholm, Sweden, in 2005, we offer a simple, safe and smoooth checkout experience. Klarna now works with 89,000 merchants. Klarna has 1,700 employees and is active in 14 countries. Klarna is backed by investors such as Sequoia Capital, Bestseller Group, Atomico, VISA and Permira.

This information is information that Klarna Bank AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08.00 CET on April 20, 2018.