At JP Morgan 48.5% of Viva Wallet – Karonis and Antipas remain majority shareholders

Viva Wallet and JP Morgan announce the completion of the Transaction through which JP Morgan acquires a 48.5% stake in Viva Wallet Holdings Software Development SA (Viva Wallet). As announced, the founders Haris Karonis and Makis Antipas remain majority shareholders even after the completion of the transaction, retaining 51.5% of Viva Wallet’s share capital.

As part of the Transaction, JP Morgan is also converting Viva Wallet’s Convertible Bond Loan, resulting in Viva Wallet zeroing out its indebtedness. At the same time, Viva Wallet increases its capital by 100 million euros, an amount covered by JP Morgan. The agreement between Viva Wallet and JP Morgan was announced in January 2022.

As mentioned, Viva Wallet, a leading European cloud-based neobank, is committed to the development of cutting-edge technologies that shape the future of payments, with the aim of unifying the fragmented European payment space. With local branches in 24 European countries, Viva Wallet is strategically positioned to effectively meet the needs of businesses of all sizes, as well as digital marketplaces, across Europe. Leveraging the advanced capabilities of the technologies it has created, such as the “tap-on-phone Viva Wallet POS app” and the Smart Checkout payment gateway, Viva Wallet offers a seamless, secure and comprehensive online and offline payment process (omnichannel), optimizing business operations and consumer experience. In addition, in view of the implementation of the EU Digital Services Act, Viva Wallet becomes the ideal choice for any marketplace platform that wishes to follow the fast pace of development of the payment industry.

At the same time, the Share Option Plan for the employees and executives of Viva Wallet remains a key factor for the rapid development of the Organization. Thirty-five thousand (35,000) shares worth $50 million will be distributed to 200 Viva Wallet executives – “intrapreneurs” -, reflecting their substantial contribution and commitment to the company’s goals. This is one of the most successful Share Option Plans that have been implemented in the business world. Both existing and future Viva Wallet executives and employees will have the opportunity to join the new Stock Option plan, ensuring the company attracts new executives from across Europe who share Viva Wallet’s vision and values .

About Viva Wallet

Viva Wallet is a European neobank – exclusively “built” in the cloud – that brings the future of payments into the present. With a presence in 24 countries, it is the neobank with the largest footprint in Europe. Viva Wallet’s goal is to change the way businesses pay and get paid by offering innovative end-to-end payment solutions and integrated banking services, tailored to local data and the needs of each business. The Tap-on-Phone Viva Wallet POS app that turns Android devices into terminals, and the Smart Checkout payment gateway that increases the conversion rate in online transactions up to 21%, are among the most recent innovations of the first Greek “unicorn”. A supporter of sustainable cashless economy, Viva Wallet leverages the innovative technologies it develops to provide payment solutions in 17 languages ​​and 10 currencies, supporting more than 30 payment methods.

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