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 March 12, 2025

Sebastian Siemiatkowski
Chief Executive Officer
Klarna Group plc
10 York Road
London SE1 7ND
United Kingdom

 Re: Klarna Group plc
 Amendment No. 3 to Draft Registration Statement on Form F-1
 Submitted February 25, 2025
 CIK No. 0002003292
Dear Sebastian Siemiatkowski:

 We have reviewed your amended draft registration statement and have the
following
comments.

 Please respond to this letter by providing the requested information and
either
submitting an amended draft registration statement or publicly filing your
registration
statement on EDGAR. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

 After reviewing the information you provide in response to this letter
and your
amended draft registration statement or filed registration statement, we may
have additional
comments. Unless we note otherwise, any references to prior comments are to
comments in
our February 7, 2025 letter.

Amendment No. 3 to Draft Registration Statement on Form F-1
General

1. We note that you will have a multi-class share capital structure. Please
revise your
 disclosure to address the following:
 Please disclose the percentage of outstanding shares that high-vote
shareholders
 must keep to continue to control the outcome of matters submitted to
 shareholders, for example with respect to the amendment of
organizational
 documents and approval of major corporate transactions.
 Please disclose that future issuances of your high-vote shares may
be dilutive to
 March 12, 2025
Page 2

 low-vote shareholders.
 Please disclose how you will determine whether more than 50% of
your
 outstanding voting securities are owned of record by U.S. residents
for purposes
 of satisfying the foreign private issuer definition.
Cover Page

2. Please revise your cover page to describe the rights upon liquidation of
deferred
 shares, including that holders of deferred shares have the right to
receive an amount of
 $10,000,000 on each ordinary share and $5,000,000 on each Class C share
upon
 liquidation, dissolution or winding up. Add a risk factor to discuss the
liquidation
 preference. Please also revise where appropriate to briefly explain the
purpose(s) of
 the deferred shares.
3. We note your disclosure on page 17 that the "holders of Class B shares
will continue
 to control a majority of the combined voting power and will be able to
control all
 matters submitted to our shareholders for approval." Revise the cover
page to disclose
 the percentage ownership and percentage of voting control held by the
Class B
 shareholders and clarify whether the company will be a "controlled
company" under
 NYSE standards.
Item 7. Recent Sales of Unregistered Securities, page II-2

4. Please confirm that this Item will address the share issuances described
on pages 19-
 20 of your Prospectus Summary, or revise if appropriate.
 Please contact Lory Empie at 202-551-3714 or Michael Volley at
202-551-3437 if
you have questions regarding comments on the financial statements and related
matters. Please contact Madeleine Joy Mateo at 202-551-3465 or Christian
Windsor at 202-
551-3419 with any other questions.

 Sincerely,

 Division of
Corporation Finance
 Office of Finance
cc: Byron B. Rooney, Esq.
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