Klarna has long offered merchants two ways of offering its payment options to their customers. With Checkout, a retailer could work directly with Klarna to make the company’s offerings available on their site. But merchants could also work with payment service providers, like Stripe or Adyen, to make Klarna’s offerings available.
Klarna Bank AB is looking to get out of the checkout business after the financial technology giant found the unit created a conflict of interest with peers like Adyen or Stripe.
An investor consortium led by the serial entrepreneur Kamjar Hajabdolahi has agreed to acquire the Checkout business in a deal that values the unit at 5.4 billion kronor ($700 million), according to documents obtained by Bloomberg News.
