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JPMorgan Chase considers involvement with Viva Wallet

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Aliens

Fri, Nov 26, 2021

JPMorgan Chase is reportedly weighing a deal to either acquire or invest in Greek fintech company, Viva Wallet. This is said to spark from an interest in more areas of financial disruption. According to sources, the valuation of Viva Wallet in this round of transactions will reach more than 1.5 billion euros (US$1.7 billion). However, the transaction has not yet been finalized. JPMorgan Chase and Viva Wallet both declined to comment.

Viva Wallet provides services such as debit and credit cards. It also provides small businesses with payment solutions in 23 European countries. It is one of the certified payment companies for London's iconic black taxis.

In April this year, the company received US$80 million in financing through investors such as Tencent, the European Bank for Reconstruction and Development, and Breyer Capital

Source: Bloomberg

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