Klarna ECONOMIC

Supply Chain & Sourcing Relationships

No public evidence identified of Klarna purchasing Israeli agricultural exports, importing Israeli-origin goods, conducting seasonal produce procurement, or receiving Israeli-origin goods through distributors or private-label arrangements.

No public evidence identified of Klarna operating a goods-sourcing or private-label retail model that would create country-of-origin supply-chain exposure in Israel or occupied territory.^{1, 2, 3, 4}

The reviewed disclosures concern financial-services operations and a historical fraud/risk-management acquisition rather than procurement of physical products.^{1, 2}

Product Origin, Labeling & Regulatory Compliance

No public evidence identified of Klarna retailing, importing, labelling, or making country-of-origin representations for Israeli-origin or settlement-origin goods.^{1, 2}

No public evidence identified of a Klarna corporate policy specifically governing sourcing from, or origin labelling for, occupied or contested territories.^{1, 2, 3, 4}

Klarna Bank AB is authorised by the Swedish Financial Supervisory Authority for cross-border EEA activities including lending, deposit-taking, payment services, electronic-money issuance, foreign exchange, and account-information/payment-initiation services.⁵

The regulator’s cross-border register records EEA authorisations but does not evidence an Israeli authorisation or operation.⁵

Investment, Capital & Financial Exposure

Klarna’s 2018 annual report stated that goodwill arising from the acquisition of Analyzd Technologies Ltd. was mainly attributable to its subsidiary, Klarna Ltd. Israel.¹

That report described the acquired business as integrated into the group and stated that group companies received revenue under transfer-pricing agreements.¹

Klarna’s 2018 ESG report listed Klarna Ltd. Israel in its office-energy table and recorded the closure of its Tel Aviv site during 2018.²

Klarna Holding AB’s 2019 annual report stated that its restructuring reserve related to closure of the Tel Aviv office in Israel.³

As of 31 December 2022, Klarna Bank AB’s subsidiary schedule listed Analyzd Technologies Ltd. as a wholly owned Cyprus corporation and did not list Klarna Ltd. Israel.⁴

This 2022 schedule evidences the listed ownership structure on that date, rather than conclusively establishing the absence of every other Israeli relationship.⁴

No public evidence identified in the reviewed disclosures of underwriting Israeli sovereign debt or Israel Bonds, lending to Israeli defence companies or OHCHR-listed businesses, underwriting Israeli state, military, or settlement risks, or holding disclosed Israel-focused fund or sovereign-bond positions.^{1, 2, 3, 4}

The supplied document review found no Klarna mention in the cited 2023 OHCHR settlement-business database or the 2025 report of the UN Special Rapporteur, which is a document-scoped finding rather than a database-wide conclusion.^{6, 7}

Operational Presence & Market Activity

Klarna maintained a Tel Aviv office through at least part of 2018, and its ESG report expressly recorded that site as closed in 2018.²

The 2019 restructuring-reserve disclosure independently linked the reserve to closure of the Tel Aviv office.³

No public evidence identified of a current Klarna office, support centre, warehouse, consumer-facing retail location, Israeli workforce figure, or current Israeli regulatory licence or registration in the reviewed materials.^{1, 2, 3, 4, 8}

No public evidence identified of Klarna characterising Israel as a current strategic market, regional hub, or material revenue market.^{4, 8}

No evidence located in the reviewed materials establishes Israel-related activity continuing after July 2024 or November 2024.^{8, 9}

Corporate Structure & Foundational Ties

Klarna Group plc is the current group parent, incorporated in England and Wales following a corporate reorganisation completed in May 2024.⁹

The parent was formerly named Klarna UK II plc, with the name changed on 5 December 2023.¹⁰

Klarna Group plc completed its IPO in September 2025, when its ordinary shares were admitted to trading on the NYSE under the symbol “KLAR,” and the SEC had declared its F-1 registration statement effective on 9 September 2025.^{9, 11}

Klarna Bank AB (publ), Swedish registration number 556737-0431 and LEI 549300O3HXYXXUHR0897, is the bank issuer identified in the 2022 Swedish prospectus.¹²

Klarna Group plc reports that it operates as a licensed bank in the EEA through Klarna Bank AB.⁹

The reviewed evidence does not support an Israeli founding origin; its documented Israeli connection is the Analyzd Technologies acquisition and the resulting historical Tel Aviv/Klarna Ltd. Israel operation.^{1, 2}

No public evidence identified of Israeli state ownership, Israeli government board appointees, Israeli government contracts, critical-national-infrastructure designation, golden-share arrangements, or governance mechanisms connecting Klarna to Israeli state-policy objectives.^{3, 4, 8}

Profit Repatriation & Economic Contribution

The 2018 annual report stated that group companies associated with the Analyzd acquisition received revenue under transfer-pricing agreements.¹

The reviewed disclosure did not provide Israel-specific revenue, profit, tax paid, or post-closure profit-flow figures.¹

No public evidence identified of Israel-attributed revenue, Israeli tax contribution, continuing profit repatriation to Israel, or a public designation of Klarna as a significant Israeli employer or sector anchor.^{1, 3, 4, 8}

The available materials do not disclose the 2011 acquisition price, the Israeli entity’s ownership chain at closure, Tel Aviv workforce size or address, client base, Israeli revenue, or whether personnel or functions continued locally after the 2018 closure.^{1, 2, 3, 4}