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Swedish fintech Krea makes SME loans more accessible and affordable thanks to Klarna Kosma

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London, 25 October, 2022 - Klarna Kosma, Klarna's financial technology platform for banks, fintechs and innovative retailers, today announced that its partnership with Krea, a digital loans platform for Small and Medium-sized businesses (SMEs) in Sweden has helped Swedish SMEs receive on average 15% larger loan offers, at a 4% lower interest rate. 

Krea offers SMEs a single portal where they can apply for business loans from the largest network of lenders in Sweden. SMEs enter the details of their business and loan request into the Krea platform, which shares them with over 30 banks and lenders who return their best loan offers based on the data provided in the application. 

Using Klarna Kosma SMEs can quickly and securely provide transaction-level data directly from their business bank account to the Krea platform. This detailed data on the day-to-day operations of the business provides lenders with the confidence to offer larger loans at lower interest rates. SMEs who provide their bank account data via Klarna Kosma are offered on average 15% larger loans at a 4% lower interest rate. This has contributed to Krea facilitating more small business loan approvals, with more than 20,000 loan offers being submitted to SMEs this year.

Wilko Klaassen, VP for Open Banking at Klarna Kosma said: “This is a fantastic example of open banking delivering real benefits to small and medium-sized businesses, which are the driving force of growth in many economies. By facilitating greater access to high quality data, Klarna Kosma enables innovative fintechs to provide access to more funding on better terms.”

Carsten Leth, Chief Commercial Officer at Krea said: “Following the Covid pandemic, it has become even more important for lenders to assess companies based on their most recent cash flows. Kosma’s Open Banking solution enables us to help more small businesses get access to finance at better rates.”


For more information, please contact:

Carsten Leth, Chief Commercial Officer at Krea 

Mail: carsten.leth@krea.se

Phone: +46 72 719 66 59