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. Kraken parent Payward signed an agreement to acquire Saldo Finance Oy, owner of Lithuanian Saldo Bank. Saldo Bank operates in four European markets and holds additional banking authorization for the Netherlands. Payward expects the acquisition to close during 2027, pending regulatory approvals and customary closing conditions. The proposed acquisition would expand Payward Banking into deposits, consumer lending, business loans, and cards.