Kraken's Parent Company to Acquire European Bank Saldo Bank

• Payward, the parent company of Kraken, is acquiring Saldo Bank, a Finland-based bank.
• The acquisition aims to enable Kraken to offer deposits and lending products in Europe.
• Saldo Bank is based in Lithuania and the acquisition is part of Payward's strategy to become a broader financial services company.
• The deal is reported by multiple financial news outlets including finextra and the Financial Times.