Investment firm Permira has agreed to acquire a stake in Swedish fintech firm Klarna from existing shareholders General Atlantic and DST Global and its co-founder Niklas Adalberth.

The companies have not disclosed the size of the stake or the financial terms of the deal, which is subject to the approval of Sweden’s financial supervisory authority Finansinspektionen.

General Atlantic and DST Global will cease to be shareholders in the fintech firm following the transaction, though Adalberth will continue to own an equity stake.

The latest move comes soon after the fintech firm secured full banking licence from Finansinspektionen.

Klarna co-founder and CEO Sebastian Siemiatkowski said: “As Klarna continues its journey towards a smoother shopping experience and now as a consumer-oriented and technology intensive bank, this is another exciting step for the company. I am delighted to have a partner like Permira on board with their global footprint and strong expertise in ecommerce and fintech.”

Permira partner and head of the Nordics Ola Nordquist added: “Klarna is a truly innovative, founder-led iconic Swedish business and we are pleased to back the company and its management team to advance its leadership position both locally and internationally.”

Founded in 2005, Klarna currently has operations in 18 markets and employs over 1500 staff.