Kraken’s Parent Company Payward Is Buying a European Bank: Here’s What We Know

TLDR Kraken’s parent company, Payward, agreed to buy Finland’s Saldo Finance Oy, owner of Lithuania-licensed Saldo Bank. Saldo Bank operates in four European markets and has authorization to extend to the Netherlands. The deal is expected to close in 2027, pending regulatory approvals. Payward plans to expand into deposits, consumer loans, business loans and cards. The purchase price was not disclosed. Kraken’s parent company, Payward, has signed a deal to buy a European bank. It agreed on October 14 to acquire Finland’s Saldo Finance Oy, which owns Lithuania-licensed Saldo Bank. We’ve signed an agreement to acquire Saldo Bank, a licensed specialized bank in Lithuania operating across five European markets. An EU banking license meaningfully expands Payward Banking. Subject to closing conditions and regulatory approvals.

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