Kraken Parent Payward Signs Deal to Buy European Bank
16 Articles
16 Articles
US financial technology company Payward has acquired Finnish financial company Saldo Finance, which operates the specialized bank Saldo Bank in Lithuania, for an undisclosed amount.
Kraken's parent company, Payward, has signed an agreement to acquire Lithuanian-licensed Saldo Bank. The target is EU banking licenses in five markets, with closing expected in 2027.
Payward, a unified financial infrastructure platform and Kraken's parent company, has signed a final agreement for the acquisition of Saldo Finance Oy, a Finnish holding company that is dependent on Saldo Bank, a digital bank licensed in Lithuania and a European passport to operate in five markets in the Old Continent. The economic terms of the operation [...] The entry Payward, Kraken's parent, acquires Saldo Bank to expand its banking business…
Kraken's parent company, Payward, would be about to acquire a regulated bank within the European Union by the Lithuanian authorities. A strategy that follows the traces of the neo-bank Revolut, in order to offer banking services without going through traditional financial intermediaries. The Kraken article announces the acquisition of a European bank appeared first on Cryptoast.
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