Digital Banking

Greek neobank snappi receives banking license from EU

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July 12, 2024

Snappi, a Greek neobank, received a universal banking license from the European Central Bank. With this license, it can begin accepting deposits and providing loans, according to a press release.

"We know that banking is built on trust, and receiving the banking license is an important milestone for us. Our aim is to evolve the client banking experience by providing customer-centric, innovative, and competitive financial products and solutions. We believe in fostering a more inclusive banking environment and strive to serve our clients and stakeholders with integrity and excellence," Gabriella Kindert, CEO of snappi, said in the release.

"Snappi is all about modern people, and this license unlocks a future of banking experiences that will speak to their hearts," Thanasis Navrozoglou, vice chairman of the board for snappi, said in the release. "Now, we are focused on rolling out snappi's digital strategy, leveraging state-of-the-art offerings and cutting-edge technologies for everyone who wants something better. Kudos to the snappi team and everyone who have been passionately working to create this new digital bank from the ground up."