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Wire · operational-macro

Kraken parent eyes EU license with bank acquisition

14 October 2026 · By · Wire by Fusion42

Published

14 October 2026

Topic

operational-macro

◆ Sectors

Fintech

◆ Geography

Europe

◆ Source

Read at bankingdive.com →

◆ Verified

Fusion42 · 14 October 2026 · Fusion42 review

Kraken's parent company Payward is planning to acquire Lithuania-based Saldo Bank to obtain an EU banking license, upgrading from its current Ireland-issued electronic money institution license. The acquisition terms were not disclosed.

This Wire brief sits within Fusion42's coverage of Fintech, and 3 sources have reported it between 14 Oct 2026 and 15 Oct 2026.

◆ ◆ The Wire takeaway

You now have a clearer path to EU market entry without relying on an electronic money license that limits operations. Acquiring a bank in Lithuania unlocks full banking capabilities across Europe, setting the stage for scaled fintech expansion.

◆ Coverage

3 sources · first reported 14 Oct 2026 · latest 15 Oct 2026

◆ Related on Wire

◆ Topics

Fintechkrakeneu-licensebank-acquisitionfintech-regulationlithuaniapayward