Finnish fintech Saldo is set to launch banking services in the country, starting with a savings account.
Founded in 2006 to provide loans to consumers and SMEs, Saldo Bank has been transitioning to a full-scale digital bank since 2019. In 2021, it obtained an ECB special banking license and received approval to operate in Finland in September.
This month, Saldo will introduce its first banking product, a traditional term deposit account, boasting what they claim to be the highest interest rate in the market. Jarkko Mäensivu, CEO of Saldo, stated, “In the near future, we will offer new digital deposit and lending products. We aim to serve both consumer and business customers.”
Additionally, the company is preparing for international expansion. Already providing term deposits and consumer loans in Lithuania, Saldo has established a presence in Germany and plans to enter Sweden next year.