Baker McKenzie is acting for Visa, the California-based financial services company, in connection with their investment agreement with Klarna, one of Europe’s fastest growing online payments companies.

Visa’s planned investment is part of a global strategy to open up the Visa ecosystem and support a broad range of new partners who are helping to redefine and enhance the purchase experience for millions of consumers globally.

Visa’s investment is subject to Klarna’s receipt of regulatory approvals and Klarna’s final decision on allocation.

Baker McKenzie's Stockholm team consists mainly of responsible partner Sten Bauer and associate Martin Folke.