Snappi
“Can a Piraeus-backed, fully-licensed Greek neobank convert the domestic market to a mobile-first bank before European challengers do?”
Founded2022
HQIoannina, Greece
IndustryFintech / Neobank
The story
Snappi was incubated inside Piraeus Bank as a joint venture with Greek core-banking vendor Natech and its partner Neptune International, targeting the Greek market with a fully-licensed neobank rather than a BaaS wrapper. It secured its own ECB universal banking licence in 2024 and launched to the public in September 2025, positioning itself as a licensed challenger with Greek IBANs, IRIS instant payments and a human-staffed support model. In 2026 it kicked into a scaling phase, layering AI-powered savings and BNPL merchant products on top of Natech's core, with Paymentology as its card issuer-processor.
Last 12 months
Product timeline
2022
Joint venture announced between Piraeus Bank, Natech and Neptune International to build a Greek neobank.· launch
2024
Secured universal banking licence from the European Central Bank.· regulatory
2025
General-availability launch in Greece with IBAN accounts, virtual/physical cards, IRIS/SEPA payments and 3% interest.· banking
2026
Partnered with Paymentology to scale card issuing and real-time processing infrastructure.· card
Regulated entities
1
regulatory licence held by Snappi
Licence types, jurisdictions and registered entities are in the Embedded Finance Index report.
The stack
5 layers disclosed in Snappi’s embedded-finance stack
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Lending
in the full report
Accounting gap: none
5 more providers across 4 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.