Payward Signs Deal for Saldo Bank, Giving Kraken’s Owner a Foothold in EU Banking

Payward, the parent company of crypto exchange Kraken, has signed a definitive agreement to buy Saldo Bank , a digital lender licensed in Lithuania, giving it a route to offering interest on deposits and loans to customers in the European Union. The company announced the deal on Oct. 14. Payward is acquiring Saldo Finance Oy , a Finnish holding company that owns Saldo Bank UAB. The announcement did not include a price. Payward expects the purchase to complete in 2027 , once regulators and standard closing conditions are satisfied. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . What Saldo Brings Saldo Bank operates in four markets, Lithuania, Finland, Sweden and Germany, and holds a passport into the Netherlands.

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