Kraken parent Payward signs deal to buy European bank

Kraken’s parent company, Payward, has signed a definitive agreement to acquire Finland’s Saldo Finance Oy, owner of Lithuania-licensed Saldo Bank, in a transaction expected to close in 2027 that would expand its banking services across five European markets. Payward announced the agreement on October 14, confirming plans to bring Saldo Bank’s lending, deposit and payment infrastructure into its financial services business. The proposed acquisition remains subject to regulatory approval and customary closing conditions. The company did not disclose the purchase price.

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