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New Deal


Announced

Viva Wallet to acquire Praxia Bank from Atlas Merchant Capital.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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bank

Majority

Pending

Acquisition

Friendly

Single Bidder

Private

Banks

Greece

Private Equity

Synopsis

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Viva Wallet, a cloud-based payments processor, has acquired Praxia Bank, Greece’s first digital challenger. Financial terms were not disclosed. Viva Wallet’s interest in Praxia was associated with its intention to obtain a credit institution license in Greece, and it also made clear that the business model Praxia had developed was not in accordance with its own plans.

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