Finnish fintech company Saldo is set to launch banking services in Finland, starting with the introduction of a savings account. Originally founded in 2006 to provide loans to consumers and SMEs, Saldo Bank has been working on transitioning into a full-scale digital bank since 2019.
In 2021, the company obtained a special banking license from the European Central Bank (ECB), and in September, it received regulatory approval to operate in Finland.
This month, Saldo is set to launch its initial banking product, a traditional term deposit account. The company claims it will offer the highest interest rate in the market for this product.
In addition to its domestic expansion, Saldo is gearing up for international growth. Already offering term deposits and consumer loans in Lithuania, the company has expanded into Germany and intends to enter the Swedish market next year.
By FCCT Editorial Team
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