06:49 AM EST, 11/13/2024 (MT Newswires) -- Swedish payments company Klarna said Tuesday that it has confidentially filed with the Securities and Exchange Commission for an initial public offering in the US.

The statement did not provide financial details, but it said that the number of shares and price range for the proposed IPO have not yet been determined.

The company further said its public debut is expected after the SEC completes its review process.

According to its website, Klarna was founded in 2005 in Stockholm and offers direct payments, pay-after-delivery options, and installment plans to about 85 million active consumers across more than 575,000 merchants in 26 countries.