<p>☠️</p><p>They sold their banking license to <strong>Viva Bank</strong>.</p>

<p><strong>Viva Wallet</strong> has officially acquired the banking license of <strong>Praxia Bank</strong> on 2020, 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.</p><p>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.</p><p><strong>Makis Antypas</strong>, Viva Wallet’s CIO and co-founder will be appointed as the new bank’s CEO and <strong>Vassilis Trapezanoglou</strong> will serve as non-executive President.<br><strong><br></strong></p>