Viva Wallet has officially acquired the banking license of Praxia Bank on August the 3rd after the completion of the share purchase agreement between AMC Oak (Shareholder) and Viva Wallet Holdings (purchaser).
The e-money institution which already operates in 23 countries within EEA, has become one of the few neobanks that owns a banking license.
„The banking license will allow Viva Wallet to serve a broader set of its customers’ needs including loans and saving products, that will be announced until the end of 2020,” according to the press release.
Makis Antypas, Viva Wallet’s CIO and Co-Founder will be appointed as the new bank’s CEO and Vassilis Trapezanoglou will serve as non-executive President.
Viva Wallet Holdings announced the agreement with Atlas Merchant Capital for the acquisition of the 100% of Praxia Bank in January 27th 2020. The transfer of shares was subject to approval by the Bank of Greece.
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