Greek neobank Snappi has received a universal banking licence from the European Central Bank following the proposal of the Bank of Greece.

Following approval from the regulator, Snappi said it will offer a range of banking services including deposits and loans.

The company indicated that it will now focus on enhancing the setup of its banking operations and integration points to offer its customers a digital experience.

The company is headquartered in Ioannina, outside the Greek capital, which is said reflects its commitment to decentralisation. This choice is intended to support the local community, foster the development of an emerging regional technology ecosystem, and inspire innovation beyond traditional urban centres.

"We know that banking is built on trust, and receiving the banking license is an important milestone for us,” said Gabriella Kindert, who will take on the role of chief executive at Snappi.

"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."

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