Kraken Parent Payward to Acquire European Bank

Payward (Kraken) has signed an agreement to acquire Saldo Finance Oy, the owner of the licensed Saldo Bank.

The transaction is expected to close in 2027, and the terms have not been disclosed.

The bank operates in Lithuania, Finland, Sweden, and Germany, and holds passporting rights in the Netherlands.

The acquisition adds a banking license to Payward’s platform, complementing its existing MiFID, MiCA, and EMI authorizations.