Operating Company Financial Services

Payward

Cheyenne, Wyoming, United States

Payward, Inc. is a unified financial infrastructure platform that powers a family of products built on a single shared architecture. It enables customers to hold, trade, earn, pay, and invest across asset classes, and provides infrastructure behind regulated digital-asset offerings and B2B integrations (including brands such as Kraken and NinjaTrader).

Focus Areas
Digital-asset trading infrastructure, CFTC-regulated crypto derivatives exchange and brokerage infrastructure, Infrastructure platform powering consumer trading brands
Website
payward.com

Tracked deals

3

3 tracked deals across 2026.

Recent pace

3

3 tracked deals announced in the last 12 months.

Deal mix

Buyout

3 buyout

Payward Acquisition Volume by Year

Last 1 years

Acquisition volume by year Annual acquisition counts for the last 1 years for Payward. ~4 est. 3 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Payward, Inc.
    Target
    Saldo Finance Oy
    Location
    Finland
    Type
    Buyout

    Payward signed a definitive agreement to acquire Saldo Finance Oy, the Finnish holding company whose subsidiary is Saldo Bank UAB, a Lithuania-licensed specialized bank operating across several European markets. The acquisition would add an EU banking license and expand Payward Banking’s European deposit, lending, card issuance, SEPA payments, and banking-as-a-service capabilities; closing is expected in 2027, subject to regulatory approvals and other customary conditions.

  • Buyer
    Payward, Inc.
    Target
    Reap Technologies Holdings Limited
    Location
    Hong Kong
    Type
    Buyout

    Payward, Inc. (Kraken’s parent) has entered into a definitive agreement to acquire Reap Technologies Holdings Limited, a stablecoin-native card issuing and payments infrastructure company, for up to $600 million in cash and Payward stock. The deal expands Payward Services—its B2B financial infrastructure platform—into the global cards and stablecoin payments space, with Reap to continue operating as a standalone platform within Payward’s ecosystem.

  • Buyer
    Payward
    Target
    Bitnomial
    Type
    Buyout

    Payward entered into a definitive agreement to acquire Bitnomial for up to $550 million in cash and stock, valuing Payward’s equity at about $20 billion. The deal combines Bitnomial’s fully CFTC-licensed U.S. derivatives infrastructure (exchange, clearinghouse, and brokerage) with Payward’s global distribution across Kraken and NinjaTrader, enabling regulated spot margin, perpetuals, and options for eligible U.S. clients.

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