Greece has entered the European digital banking market with the launch of Snappi, the country’s first neobank licensed by the European Central Bank (ECB).
The Ioannina-based start-up unveiled its mobile app this week, offering customers a fully digital service including free accounts, virtual and physical debit cards, SEPA transfers, bill payments and cross-border transactions. The bank also plans to introduce a “Pay Later” option in the coming months.
Gabriella Kindert, chief executive of Snappi, said the venture was designed to combine the benefits of fintech innovation with the safeguards of a regulated institution. “We’ve created a platform that’s digital-first but grounded in trust, combining the ease of fintech with the stability of a fully licensed European Union bank. Transparency is central to everything we do: no hidden fees, no small print, just clear, fair banking,” she said.
By securing an ECB licence, Snappi joins a small group of European challenger banks operating under full regulatory oversight. Its arrival comes as neobanks across the continent seek to expand market share against traditional lenders by offering faster onboarding, simpler products and lower costs.
