Klarna Closes €900M Forward Flow And Warehouse Financing Agreement In Germany
Benzinga Newsdesk 4 months ago
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The facility responds to robust demand for Klarna's Fair Financing products in one of Europe's largest consumer markets. Under the two-year agreement, Klarna has sold a portfolio of its German Fair Financing
The facility responds to robust demand for Klarna's Fair Financing products in one of Europe's largest consumer markets. Under the two-year agreement, Klarna has sold a portfolio of its German Fair Financing term loans and will sell newly originated German Financing receivables on a rolling basis, providing scalable, off-balance-sheet funding while retaining all consumer-facing activities, including underwriting and servicing.