Crypto exchange Kraken owner to buy European bank
Payward signed a definitive agreement to acquire Saldo Bank, the Lithuania-licensed bank owned through Saldo Finance Oy. The deal is tied to plans for deposits, lending, cards, and payments in Europe, with one report saying Payward expects to close in 2027.
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People using Kraken-linked services would notice the plan as a step toward banking features such as deposits, lending, cards, and payments in Europe. One report says Arjun Sethi framed the offering as cash, crypto, tokenized stocks, and credit in one place, with lending and cards first.
It is still not settled how the acquisition will progress through approvals or what the final operating footprint will be. One report points to five markets, another to four EU operating markets, and another says local approval still stands between the plan and completion.
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