How to Invest in Klarna in 2026: A Practical Guide
Yes, Klarna is publicly traded on the NYSE under KLAR. If you want exposure now, you can buy the stock directly; if you want a closer operating proxy, investors usually compare it with Affirm, Block, and PayPal.
Yes, Klarna is publicly traded on the NYSE under KLAR. If you want exposure now, you can buy the stock directly; if you want a closer operating proxy, investors usually compare it with Affirm, Block, and PayPal.
Klarna has gone from a private fintech name to a live public stock, and that changes the answer for retail investors. The company listed on the New York Stock Exchange in September 2025 under KLAR, after years of speculation about when it would finally go public.
That matters because Klarna sits at the center of a big consumer-finance story: buy now, pay later, checkout payments, merchant distribution, and increasingly AI-driven shopping tools. With 118 million global active users, 3.4 million transactions per day, and 2025 revenue of $3.5 billion, it’s a company a lot of investors want to understand. Here’s what Klarna does, how to buy it, and what to look at if you want the closest public alternatives.
What is Klarna?
Klarna is a global digital bank, payments network, and shopping assistant best known for buy now, pay later and flexible checkout financing. It also offers consumer shopping tools such as cashback, payment options, and AI shopping features, which gives it a broader footprint than a simple installment-lending app.
The company was founded in 2005 and is headquartered in London, with deep roots in Stockholm. In its 2025 results, Klarna said it had 118 million global active users and 3.4 million transactions per day, and it reported full-year 2025 revenue of $3.5 billion, up 25% year over year. Klarna’s annual report also said average annual revenue per employee rose to about $1.24 million in 2025.
Is Klarna publicly traded?
Yes, Klarna trades publicly under KLAR on the New York Stock Exchange. It listed on September 10, 2025, and Klarna’s investor relations site says it is officially live on the NYSE under that ticker.
Klarna is not a subsidiary of a public parent. Its ownership is founder- and insider-controlled, with Class B shares carrying 10 votes per share versus 1 vote per ordinary share. Klarna’s 2025 annual report says Class B holders collectively represent about 98.65% of combined voting power, and CEO/co-founder Sebastian Siemiatkowski has also filed as a director, 10% owner, and CEO.
When will Klarna go public?
Klarna already completed its IPO, so there is no future IPO to wait for. The company filed an F-1 with the SEC on March 14, 2025, later launched the offering on September 2, 2025, and then listed on the NYSE on September 10, 2025.
Before the listing, Klarna’s last clearly disclosed private valuation was a July 11, 2022 financing round that raised $800 million at a $6.7 billion post-money valuation. For investors now, the key questions are no longer whether Klarna will go public, but how the public market values its growth, profitability path, and BNPL exposure over time.
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The simplest way to invest in Klarna is to buy KLAR through a brokerage account, just like any other U.S.-listed stock. If you want exposure to the company itself, that is the direct route now that it is public.
If you were looking for a pre-IPO entry, that window is closed for most retail investors. Private secondary markets can sometimes offer access to shares of private companies, but those venues are generally limited to accredited investors and are not a guaranteed way to find a live listing. In Klarna’s case, the practical retail answer is direct public ownership or a public-market proxy.
If you do not want to own Klarna itself, the next-best approach is to look at comparable public companies in payments and consumer credit. That is where most retail investors end up, because it gives you a way to express a view on BNPL and checkout finance without depending on private-market access.
Indirect exposure: backdoor ways to invest
Klarna shows up in a few public funds and ETFs, which gives retail investors indirect exposure if they already own those vehicles. Fidelity Contrafund has disclosed Klarna Group PLC in SEC portfolio data, Wesmark Small Company Fund disclosed a Klarna position, Emerald Finance & Banking Innovation Fund disclosed Klarna, and Destiny Tech100 (DXYZ) explicitly disclosed Klarna Group PLC and Klarna Group PLC Class B Shares.
That said, this is not the same as owning Klarna directly. In a diversified fund, your effective exposure to Klarna is usually tiny, diluted by the rest of the portfolio, and subject to the fund’s fees and structure. A public partner/customer relationship can also create indirect exposure: Klarna powers installment loans for Walmart U.S. through OnePay, and it has distribution ties with Clover and Google, but those are business relationships, not ownership stakes.
Closest publicly-traded alternatives
The closest public comp is Affirm Holdings (AFRM), which is the most direct U.S. BNPL and installment-credit proxy. If you want a cleaner read on how public markets are pricing consumer financing, Affirm is the first stock many investors compare with Klarna.
Block (XYZ) is another relevant comp because it combines payments, consumer checkout, and BNPL exposure through Afterpay. PayPal (PYPL) is a broader digital-payments name with consumer checkout and installment products, so it often comes up as a larger-scale alternative when investors are thinking about Klarna’s merchant and consumer reach.
Recent news
Klarna has been expanding its distribution and product surface area. In 2025 it announced a partnership with OnePay to exclusively power installment loans for Walmart U.S. customers, and it also said it would auto-enable flexible payments across 100,000+ merchant locations through Clover.
The company has also leaned into AI and commerce integrations, including Google-related announcements and, on May 20, 2026, the launch of a shopping search app in ChatGPT. Earlier, in October 2024, Klarna signed a multi-year agreement tied to the sale of substantially all of its short-term, interest-free UK receivables.
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Klarna is no longer a private-company access problem for retail investors. If you want the name itself, you can buy KLAR on the NYSE. If you want the business theme without single-stock risk, the more realistic route is to look at public peers like AFRM, XYZ, and PYPL.
For most investors, that is the cleanest answer: own Klarna directly if you want the company, or use the public comparables if you want exposure to BNPL, checkout payments, and consumer-finance growth more broadly.
▌Common Questions
Frequently asked questions
+Is Klarna publicly traded?
Yes, Klarna trades publicly under KLAR on the New York Stock Exchange. It listed on September 10, 2025, and Klarna’s investor relations site says it is officially live on the NYSE under that ticker.
+When will Klarna go public?
Klarna already completed its IPO, so there is no future IPO to wait for. The company filed an F-1 with the SEC on March 14, 2025, later launched the offering on September 2, 2025, and then listed on the NYSE on September 10, 2025.
+How can you invest in Klarna?
The simplest way to invest in Klarna is to buy KLAR through a brokerage account, just like any other U.S.-listed stock. If you want exposure to the company itself, that is the direct route now that it is public.
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