Fintech News Switzerland· Fintechnews Switzerland·· 3 days agoSelectedAI score73
Kraken parent company Payward agrees to acquire Saldo Finance Oy to obtain an EU banking license
Kraken Parent Payward Agrees to Acquire Lithuania’s Saldo Bank
AI brief
AI-assisted source summary · not independently verified. Content standards
Kraken parent company Payward has agreed to acquire Finnish holding company Saldo Finance Oy, which owns Saldo Bank, holder of a Lithuanian banking license. The transaction will give Payward an EU banking license.
Why it matters
The article details Saldo Bank’s coverage of the EU market, SEPA capabilities, and deposit, lending, and card-issuing businesses, providing a concrete picture of the scope of Payward’s expansion into banking.
Source:Fintech News Switzerland · fintechnews.ch