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  5. Viva Wallet Acquires Praxia Bank

M&A Deal Summary

Viva Wallet Acquires Praxia Bank

On January 28, 2020, Viva Wallet acquired financial services company Praxia Bank from Atlas Merchant Capital

Acquisition Highlights
  • This is Viva Wallet’s 1st transaction in the Financial Services sector.
  • This is Viva Wallet’s 1st transaction in Greece.

M&A Deal Summary
Date 2020-01-28
Target Praxia Bank
Sector Financial Services
Buyer(s) Viva Wallet
Sellers(s) Atlas Merchant Capital
Deal Type Add-on Acquisition

Target

Praxia Bank

Athens, Greece
Praxia Bank is a specialist lender in Greece with a full commercial and retail banking license, as approved by the Single Supervisory Mechanism of the ECB. Praxia Bank is based in Athens, Greece.

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Buyer(S) 1

Buyer

Viva Wallet

Marousi, Greece
Category Company
Founded 2010
Sector Internet Software and Services
DESCRIPTION

Viva Wallet is a cloud-based neobank with offices in 23 European Countries. Created to change the way businesses pay and get paid, Viva Wallet offers businesses of all sizes acceptance-Card Present or Card not Present- of 24 payment methods, as well as business accounts with local IBAN and debit card issuing. Viva Wallet was founded in 2010 and is based in Marousi, Greece.

DEAL STATS #
Overall 1 of 2
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Greece M&A 1 of 1
Year: 2020 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 N7 Mobile

Warszawa, Poland

N7 Mobile is a software development company with a mission to create meaningful digital products used by millions of users every day. The company specializes in finance, telecommunication, and video streaming solutions for mobile platforms and delivers dedicated software to its partners across Europe. N7 Mobile was founded in 2011 and is based in Warszawa, Poland.

Buy -

Seller(S) 1

SELLER

Atlas Merchant Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2013
Size Middle-Market
Type Sector Focused
DESCRIPTION

Atlas Merchant Capital LLC is an operationally oriented private investment group focused on the financial services sector. Atlas Merchant Capital was formed in 2013 and is headquartered in New York City.

DEAL STATS #
Overall 1 of 5
Sector: Financial Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Greece M&A 1 of 1
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 illimity Bank

Milan, Italy

illimity Bank is an Italian financial services firm focused on the small-to-medium enterprise and non-performing loan markets, as well as retail digital banking services. illimity Bank is based in Milan, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-13 DPL Financial Partners

Louisville, Kentucky, United States

DPL Financial Partners is an insurance marketplace that enables RIAs to incorporate insurance and annuities into their practices to serve their clients. Clients benefit from products that offer competitive pricing and transparent, fiduciary implementation to meet a range of needs in the financial plan. DPL Financial Partners is based in Louisville, Kentucky.

Buy -
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