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Swedish payment giant Klarna applies for US banking license

2026-07-06 15:18:10

Abstract generation in progress

Mars Finance News, according to CNBC, Swedish payment giant Klarna has submitted applications to U.S. federal and state regulators to establish an FDIC-insured bank subsidiary, "Klarna Bank USA," in Utah, allowing Klarna to conduct lending, deposits, and a broader range of financial services through its own banking system. Klarna launched a stablecoin, KlarnaUSD, late last year and is reportedly collaborating with Stripe's wallet infrastructure platform Privy to jointly develop a crypto wallet aimed at mainstream users.

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