Kraken’s parent company Payward has agreed to acquire Saldo Finance Oy, a Finnish holding company that owns Lithuania-based Saldo Bank. The banking institution holds approximately €163 million in assets, €137 million in deposits and a €113.5 million loan portfolio as of end-2025. The bank reported its first annual profit of approximately €962,000, reversing a €2.4 million loss the previous year. The purchase price remains undisclosed and the transaction, subject to European regulatory approval, is expected to close in 2027.
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