Payward, the parent company of cryptocurrency exchange Kraken, announced on October 14, 2026 the acquisition of Saldo Finance, the Finnish parent company of Saldo Bank. Saldo Bank, licensed by the European Union since 2021 and supervised by the Bank of Lithuania, is authorized by the European Central Bank and operates in several countries including Lithuania, Finland, Sweden, and Germany. Its loan portfolio stands at 124 million euros and it generated a net profit of 0.96 million euros in 2025. The acquisition aims to enable Payward to offer lending and card services across the European Economic Area. The transaction is expected to close in 2027, pending regulatory approvals.
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