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The traces of Klarna's owners lead to paradise island - Robin Teigland

The largest shareholder in Klarna is a company structure in the Cayman Islands. The financial firm is not alone. SvD's survey tracks the ownership of five of the top Swedish startups to "off shore" addresses around the world.

The list is handed over in a pink envelope. At Klarna's reception, SvD receives a copy of the company's share register. All Swedish limited liability companies must be able to present this.

But anyone who makes it to Klarna's office on Sveavägen in Stockholm risks being disappointed. Many of the real owners are not visible. Their shares are registered through various intermediaries.

Post in Swedish.