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Klarna Secures New License from UK’s Financial Conduct Authority Klarna Group Plc said it has received an electronic money institution license for its UK division, which could lay the ground work for the Swedish fintech to more directly compete against the
Klarna receives regulatory approval to take on Monzo and Revolut Swedish fintech Klarna has received an electronic money institution licence from the Financial Conduct Authority, setting the firm up to compete with UK firms Monzo and Revolut The licence will allow Klarna to offer its 11 million UK customers savings accounts and also pave the way for a debit card launch Abby Vickers, Klarna’s head
Klarna secures UK banking licence to take on Monzo and Revolut Swedish fintech Klarna has been granted an electronic money institution licence by the Financial Conduct Authority, positioning the company to compete with UK firms Monzo and Revolut The licence will enable Klarna to offer savings accounts to its 11 million UK customers and also lay the groundwork
Klarna receives FCA authorisation, paving the way for cashback and . . . London, 30th July, 2025 – Klarna, the global digital bank and flexible payments provider today announced that its UK subsidiary, Klarna Financial Services UK (KFSUK) has been authorised by the UK’s Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI), unlocking the launch of Klarna balance and Klarna cashback for its 11 million UK consumers later this year Already
Klarna Offloads UK Loans to Hedge Fund, Unlocks £30 Billion for Growth Klarna, the Swedish fintech giant known for its buy-now-pay-later services, is making a significant move by offloading its UK loans book to hedge fund Elliot Advisors This strategic decision aims to free up a staggering £30 billion to fuel its ambitious growth plans
Why is Monzo struggling more than Revolut? - Kapronasia A February Sifted report noted that Sweden’s Klarna, which has the same valuation as Revolut, has been profitable for 15 years and posted 4 times as much as revenue in 2019 as the UK challenger bank