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Piraeus Bank company logo
Bank
FINANCE | Retail Banking
piraeusholdings.gr

Investments

6

Partners & Customers

10

About Piraeus Bank

Piraeus Bank offers a full range of financial products and services.

Headquarters Location

4 Amerikis Street

Athens, 10564,

Greece

0030-210-333-5000

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Latest Piraeus Bank News

Euronet partners with SOLFIN

Feb 3, 2023

Euronet partners with SOLFIN Friday 3 February 2023 09:24 CET | News Financial technology solutions and payments provider Euronet has announced its partnership with SOLFIN to enhance prepaid card issuing services to their clients. Ren was selected as the platform to provide customers of SOLFIN with prepaid card issuing services. This is an end-to-end payments service enabled by Euronet, which offers clients the technology used by third parties in order to integrate into their business applications that provide issuing, acquiring, and real-time payments services and products with freedom in commercial and technological terms. Following this collaboration, Euronet will host Ren as one of its global data centers. Furthermore, the company will also provide the SOLFIN wallet services with access to Ren’s issuing capabilities, through customisable APIs. This approach is based on the SaaS’s strategy, offering SOLFIN the possibility to focus on the new wallet features and enhancements, while Euronet will deal with the core functionality of the Ren platform. This, alongside Euronet’s presence in the LATAM region, will enable SOLFIM to develop and expand in multiple countries, such as Costa Rica and Guatemala, while including more currencies in their solutions and providing seamless operations for their customers. SOLFIN already serves numerous clients in Central America that do not have the access to or the possibility to use traditional banking services. It also offers services and products to small and medium businesses while providing them with vendor payment solutions, as well as prepaid cards for payroll disbursement. Once Euronet is fully integrated into the project, the company will use the Ren platform to manage the full card life circle of SOLFIN’s customers, as the Software-as-a-Service prepaid card platform. Allegedly , it will act as the Mastercard affiliate license sponsorship provider as well. Euronet’s strategy US-based real-time digital and cash payments network, Euronet provides its customers with multiple solutions and services. These include credit and debit processing, ATMs, money transactions and transfers, point-of-sale services, multiple currency exchanges, and branded payments. The company announced the complete acquisition of the Piraeus Bank Merchant Acquiring feature of the Greek bank Piraeus in 2022. The purchase consisted of around 205,000 POS terminals at approximately 170,000 traders and merchants across Greece, including the bank’s online merchant acquiring business. Furthermore, there also was a long-term partnership with Piraeus Bank for collaborative product distribution as part of the deal. Throughout this partnership, the bank will continue to offer operational and commercial services to Euronet, while receiving commissions for merchant-acquiring referrals. The completion of the acquisition followed a long series of partnership agreements, dating back to the beginning of the 2000s. Euronet aimed to provide Greek merchants and customers with a series of digital payment solutions, aside from the preferred and popular cash-based operations. These included QR codes and tokenised payment methods through digital wallets.

Piraeus Bank Investments

6 Investments

Piraeus Bank has made 6 investments. Their latest investment was in Matrix Pack as part of their Loan on August 8, 2022.

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Piraeus Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/30/2022

Loan

Matrix Pack

$15.03M

Yes

1

1/21/2022

Secondary Market

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$99M

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10

3/3/2020

Unattributed

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$99M

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10

10/24/2018

Debt

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$99M

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10

10/19/2017

Unattributed VC - II

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$99M

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10

Date

8/30/2022

1/21/2022

3/3/2020

10/24/2018

10/19/2017

Round

Loan

Secondary Market

Unattributed

Debt

Unattributed VC - II

Company

Matrix Pack

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Amount

$15.03M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

10

Piraeus Bank Acquisitions

1 Acquisition

Piraeus Bank acquired 1 company. Their latest acquisition was Iolcus Investments on April 05, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

4/5/2022

$99M

Acquired

1

Date

4/5/2022

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

Piraeus Bank Partners & Customers

10 Partners and customers

Piraeus Bank has 10 strategic partners and customers. Piraeus Bank recently partnered with Zepos & Yannopoulos on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/21/2022

Vendor

Greece

Zepos & Yannopoulos Advises Piraeus Bank on Strategic Partnership with Resolute Hellas

Zepos & Yannopoulos has advised Piraeus Bank on entering into a strategic partnership with Resolute subsidiary Resolute Hellas for the management of the bank 's real estate portfolio .

1

10/11/2022

Vendor

Piraeus Bank and Resolute Hellas enter into a Real Estate Management Servicing Agreement in Greece. In this context, Piraeus Real Estate Management Single Member SA (“PREM”) has been acquired by Resolute Hellas Single Member SA (“Resolute Hellas”).

The transaction builds on Resolute Hellas 's existing long-standing relationship with the Piraeus Bank , including the ongoing management of its non-core real estate portfolio in Bulgaria .

1

3/16/2022

Vendor

United States

Piraeus Bank and Euronet Worldwide initiate their strategic cooperation in merchant acquiring services

Knowing that the European payment framework is changing rapidly , we are confident that Euronet Worldwide Inc is the appropriate long-term strategic partner of Piraeus Bank for the servicing of our customers in the new digital era , as well as the joint promotion of new and innovative products and services . ''

1

10/14/2021

Partner

Ireland

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10

10/14/2021

Partner

Ireland

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10

Date

10/21/2022

10/11/2022

3/16/2022

10/14/2021

10/14/2021

Type

Vendor

Vendor

Vendor

Partner

Partner

Business Partner

Country

Greece

United States

Ireland

Ireland

News Snippet

Zepos & Yannopoulos Advises Piraeus Bank on Strategic Partnership with Resolute Hellas

Zepos & Yannopoulos has advised Piraeus Bank on entering into a strategic partnership with Resolute subsidiary Resolute Hellas for the management of the bank 's real estate portfolio .

Piraeus Bank and Resolute Hellas enter into a Real Estate Management Servicing Agreement in Greece. In this context, Piraeus Real Estate Management Single Member SA (“PREM”) has been acquired by Resolute Hellas Single Member SA (“Resolute Hellas”).

The transaction builds on Resolute Hellas 's existing long-standing relationship with the Piraeus Bank , including the ongoing management of its non-core real estate portfolio in Bulgaria .

Piraeus Bank and Euronet Worldwide initiate their strategic cooperation in merchant acquiring services

Knowing that the European payment framework is changing rapidly , we are confident that Euronet Worldwide Inc is the appropriate long-term strategic partner of Piraeus Bank for the servicing of our customers in the new digital era , as well as the joint promotion of new and innovative products and services . ''

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Sources

1

1

1

10

10

Piraeus Bank Team

16 Team Members

Piraeus Bank has 16 team members, including current Chief Executive Officer, Christos Megalou.

Name

Work History

Title

Status

Christos Megalou

Chief Executive Officer

Current

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Name

Christos Megalou

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Work History

Title

Chief Executive Officer

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Status

Current

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