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Kraken Parent Payward Signs Deal to Buy European Bank
The deal would add Saldo Bank’s lending, deposits and payment systems to Payward Banking, which has originated more than $2 billion in loans, the company said.
- On Wednesday, October 14, 2026, Payward announced an agreement to acquire Lithuania-licensed Saldo Bank, integrating the lender's deposit and lending infrastructure into its financial services business.
- Expanding into European markets, the acquisition provides Payward an EU-regulated banking license to offer interest-bearing deposits and credit directly to customers across multiple regions.
- Saldo Bank President Jarkko said the deal connects the lender's operations with Payward's infrastructure, noting, "Combining the two businesses could allow more customers to access banking, payments and credit through a single provider."
- Payward co-CEO Arjun Sethi described the purchase as a continuation of the firm's strategy, noting the company has already originated more than $2 billion in loans through existing operations.
- The transaction remains subject to regulatory approvals and customary closing conditions, with Payward expecting the acquisition to close in 2027 but no specific product integration timeline yet announced.
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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.
·Vilnius, Lithuania
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