Payward, the parent company of Kraken, eyes a 2027 completion for its Saldo Bank acquisition, aiming to integrate traditional banking services across four European Union markets.
Payward is strategically expanding its traditional banking footprint by acquiring Saldo Bank, which provides immediate access to four established EU operating markets. This acquisition, expected to close in 2027, is a core component of Payward's broader TradFi growth strategy to scale its financial services internationally.
Payward expects to close the acquisition of Saldo Bank in 2027.
The acquisition is intended to expand Payward's traditional banking services into four EU markets currently served by Saldo Bank.
Saldo Bank is being integrated into Payward's corporate structure, which will transition its ownership and leverage Payward's resources to scale its existing banking operations. The deal positions Saldo Bank as the vehicle for Payward's entry into its four current EU operating markets.
Saldo Bank currently serves four EU operating markets.
Saldo Bank is set to be acquired by Payward, with the transaction expected to finalize in 2027.
Kraken parent Payward plans to finalize its acquisition of Saldo Bank by 2027, marking a strategic push into European traditional banking. The deal grants the crypto exchange access to four key EU operating markets, bolstering its broader TradFi growth strategy.
Payward aims to expand its traditional banking services into four EU markets currently served by Saldo Bank as part of its TradFi growth strategy.