Klarna Group plc received a Schedule 13G reporting that Victor Jacobsson, together with affiliated entities, beneficially owns 24,113,490 Ordinary Shares, representing 6.4% of the class. He holds sole voting and dispositive power over 1,200 shares and shared voting and dispositive power over 24,112,290 shares.
The stake spans multiple vehicles, including Lux Horizon Holding S.a r.l. (14,979,264), Kraftdalen Holding AB (3,192,444), Northbridge S.a r.l. (2,959,176), and TTS Pass AB (1,358,389), among others with smaller positions. Several holdings reflect sales in the IPO, the underwriters’ full option exercise, and post‑IPO distributions to limited partners. 377,255,045 Ordinary Shares were outstanding as of IPO completion, as reported in the final prospectus.
Positive
None.
Negative
None.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Klarna Group plc
(Name of Issuer)
Ordinary Shares
(Title of Class of Securities)
G5279N105
(CUSIP Number)
09/30/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
Lux Horizon Holding S.a r.l.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
LUXEMBOURG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
14,979,264.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
14,979,264.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
14,979,264.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
4.0 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 14,979,264 Ordinary Shares directly held by Lux Horizon Holding S.a r.l. and beneficially owned by Victor Jacobsson following the transfer of all such Ordinary Shares from Stenbranten Holding AB to Lux Horizon Holding S.a r.l. following the IPO. Each of the foregoing persons have shared dispositive and voting powers.
Row 11: The aggregate percentage of shares reported owned by each person named in the tables herein is based upon 377,255,045 ordinary shares ("Ordinary Shares") of the Issuer, which is the total number of Ordinary Shares outstanding as of the completion of the Issuer's initial public offering (the "IPO"), as reported on the Issuer's final prospectus dated September 9, 2025 filed pursuant to Rule 424(b)(4) with the Securities and Exchange Commission on September 10, 2025.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
Northbridge S.a r.l.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
LUXEMBOURG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
2,959,176.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,959,176.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,959,176.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.8 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 2,959,176 Ordinary Shares directly held by Northbridge S.a r.l. and beneficially owned by TTS Pass AB and Victor Jacobsson following the distribution of all such Ordinary Shares from TTS Pass A AB, an entity controlled by Victor Jacobsson, to Northbridge S.a r.l. following the IPO. Each of the foregoing persons have shared dispositive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
Krokusvik Holding AB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
861,463.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
861,463.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
861,463.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 861,463 Ordinary Shares directly held by Krokusvik Holding AB and beneficially owned by Victor Jacobsson following the distribution of 1,468,937 Ordinary Shares by Krokusvik Holding AB to limited partners following the IPO. Each of the foregoing persons have shared dispositive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
Kraftdalen Holding AB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
3,192,444.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
3,192,444.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,192,444.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.8 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 3,192,444 Ordinary Shares directly held by Kraftdalen Holding AB and beneficially owned by Victor Jacobsson with respect to which each of the foregoing persons have shared dispositive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
TTS Pass AB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
4,552,051.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
4,552,051.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
4,552,051.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
1.2 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents (1) 1,358,389 Ordinary Shares directly held by TTS Pass AB and beneficially owned by Victor Jacobsson following the sale of 723,743 Ordinary Shares by TTS Pass AB in the IPO and subsequent exercise in full by the underwriters of the underwriters' option to purchase additional Ordinary Shares, (2) 234,486 Ordinary Shares directly held by TTS Pass B AB and beneficially owned by TTS Pass AB and Victor Jacobsson following the distribution of 153,474 Ordinary Shares by TTS Pass B AB to limited partners following the IPO and (3) 2,959,176 Ordinary Shares directly held by Northbridge S.a r.l. and beneficially owned by TTS Pass AB and Victor Jacobsson following the distribution of all such Ordinary Shares from TTS Pass A AB, an entity controlled by Victor Jacobsson, to Northbridge S.a r.l. following the IPO. Each of the foregoing persons have shared dispositive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
Svalviken Holding AB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
79,933.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
79,933.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
79,933.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.0 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 79,933 Ordinary Shares directly held by Svalviken Holding AB and beneficially owned by Victor Jacobsson following the distribution of 1,553,987 Ordinary Shares by Svalviken Holding AB to limited partners following the IPO. Each of the foregoing persons have shared dispositive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
K Opportunity AB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
256,442.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
256,442.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
256,422.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 256,422 Ordinary Shares directly held by K Opportunity AB and beneficially owned by Victor Jacobsson following the sale of 7,600 Ordinary Shares by K Opportunity AB in the IPO and subsequent exercise in full by the underwirters of the underwriters' option to purchase additional Ordinary Shares and the distribution of 1,029,338 Ordinary Shares by K Opportunity AB to limited partners following the IPO. Each of the foregoing persons have shared dispositive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
TTS Pass B AB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
234,486.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
234,486.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
234,486.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 234,486 Ordinary Shares directly held by TTS Pass B AB and beneficially owned by TTS Pass AB and Victor Jacobsson following the distribution of 153,474 Ordinary Shares by TTS Pass B AB to limited partners following the IPO. Each of the foregoing persons have dispostive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
Algbranten Holding AB
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
190,713.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
190,713.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
190,713.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.1 %
12
Type of Reporting Person (See Instructions)
PN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents 190,713 Ordinary Shares directly held by Algbranten Holding AB and beneficially owned by Victor Jacobsson following the sale of 503,000 Ordinary Shares by Algbranten Holding AB in the IPO and subsequent exercise in full by the underwriters of the underwriters' option to purchase additional Ordinary Shares and the distribution of 93,713 Ordinary Shares from Svalviken Holding AB, an entity controlled by Victor Jacobsson, following the IPO.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
CUSIP No.
G5279N105
1
Names of Reporting Persons
Victor Jacobsson
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
SWEDEN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,200.00
6
Shared Voting Power
24,112,290.00
7
Sole Dispositive Power
1,200.00
8
Shared Dispositive Power
24,112,290.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
24,113,490.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.4 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person:
Rows 6, 8 and 9: The amount reported represents (1) 1,200 Ordinary Shares directly held by Victor Jacobsson, (2) 1,358,389 Ordinary Shares directly held by TTS Pass AB and beneficially owned by Victor Jacobsson following the sale of 723,743 Ordinary Shares by TTS Pass AB in the IPO and subsequent exercise in full by the underwriters of the underwriters' option to purchase additional Ordinary Shares, (3) 190,713 Ordinary Shares directly held by Algbranten Holding, AB and beneficially owned by Victor Jacobsson following the sale of 503,000 Ordinary Shares by Algbranten Holding AB in the IPO and subsequent exercise in full by the underwriters of the underwriters' option to purchase additional Ordinary Shares and the distribution of 93,713 Ordinary Shares from Svalviken Holding AB, an entity controlled by Victor Jacobsson, following the IPO, (4) 0 Ordinary Shares directly held by Talces AB and beneficially owned by Victor Jacobsson following the sale of 67,740 Ordinary Shares by Talces AB in the IPO and subsequent exercise in full by the underwriters of the underwriters' option to purchase additional Ordinary Shares, (5) 256,422 Ordinary Shares directly held by K Opportunity AB and beneficially owned by Victor Jacobsson following the sale of 7,600 Ordinary Shares by K Opportunity AB in the IPO and subsequent exercise in full by the underwriters of the underwriters' option to purchase additional Ordinary Shares and the distribution of 1,029,338 Ordinary Shares by K Opportunity AB to limited partners following the IPO, (6) 861,463 Ordinary Shares directly held by Krokusvik Holding AB and beneficially owned by Victor Jacobsson following the distribution of 1,468,937 Ordinary Shares by Krokusvik Holding AB to limited partners following the IPO, (7) 79,933 Ordinary Shares directly held by Svalviken Holding AB and beneficially owned by Victor Jacobsson following the distribution of 1,553,987 Ordinary Shares by Svalviken Holding AB to limited partners following the IPO, (8) 234,486 Ordinary Shares directly held by TTS Pass B AB and beneficially owned by TTS Pass AB and Victor Jacobsson following the distribution of 153,474 Ordinary Shares by TTS Pass B AB to limited partners following the IPO, (9) 2,959,176 Ordinary Shares directly held by Northbridge S.a r.l. and beneficially owned by TTS Pass AB and Victor Jacobsson following the distribution of all such Ordinary Shares from TTS Pass A AB, an entity controlled by Victor Jacobsson, to Northbridge S.a r.l. following the IPO, (10) 14,979,264 Ordinary Shares directly held by Lux Horizon Holding S.a r.l. and beneficially owned by Victor Jacobsson following the distribution of all such Ordinary Shares from Stenbranten Holding AB, an entity controlled by Victor Jacobsson, to Lux Horizon Holding S.a r.l. following the IPO, and (11) 3,192,444 Ordinary Shares directly held by Kraftdalen Holding AB and beneficially owned by Victor Jacobsson with respect to which each of the foregoing persons have shared dispositive and voting powers.
Row 11: See Note to Row 11 for Lux Horizon Holding S.a r.l.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Klarna Group plc
(b)
Address of issuer's principal executive offices:
10 York Road, London SE1 7ND, United Kingdom
Item 2.
(a)
Name of person filing:
1. Lux Horizon Holding S.a r.l.
2. Northbridge S.a r.l.
3. Krokusvik Holding AB
4. TTS Pass AB
5. Kraftdalen Holding AB
6. Svalviken Holding AB
7. K Opportunity AB
8. TTS Pass B AB
9. Algbranten Holding AB
10. Victor Jacobsson
(b)
Address or principal business office or, if none, residence:
Norrlandsgatan, 15 Floor 6, Stockholm, Sweden 11143
(c)
Citizenship:
Swedish
(d)
Title of class of securities:
Ordinary Shares
(e)
CUSIP No.:
G5279N105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
24,113,490
(b)
Percent of class:
6.4 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,200
(ii) Shared power to vote or to direct the vote:
24,112,290
(iii) Sole power to dispose or to direct the disposition of:
1,200
(iv) Shared power to dispose or to direct the disposition of:
24,112,290
Item 5.
Ownership of 5 Percent or Less of a Class.
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(K), so indicate under Item 3(k) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to §240.13d-1(c) or §240.13d-1(d), attach an exhibit stating the identity of each member of the group.
By virtue of the relationships as described above in Item 4, the Reporting Persons may be deemed to be a group.
Exhibits.
Joint Filing Agreement dated November 12, 2025, by and among Victor Jacobsson, TTS Pass B AB, Northbridge S.a r.l., Lux Horizon Holding S.a r.l., K Opporunity AB, Krokusvik Holding AB, Svalviken Holding AB, Kraftdalen Holding AB, TTS Pass AB and Algbranten Holding AB.
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
