Company Information

Get to know Praxia Bank

Praxia Bank was a Greek financial institution established in 2018 with backing from Atlas Merchant Capital. It officially received a full banking license from the European Central Bank (ECB) in 2019, positioning itself as Greece's first purely digital bank. The bank's mission was to address the funding gap for Greek SMEs and offer a modern, efficient banking experience for individuals through a digital-first model. Despite its ambitious launch, the bank was acquired by the Greek fintech company Viva Wallet in August 2020, which absorbed its banking license and assets to expand its own service offerings.

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Praxia Bank

Greece

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.