Viva Wallet announces closing of J.P. Morgan deal
J.P. MORGAN TO OWN 48,5% STAKE IN VIVA WALLET
Today, Viva Wallet and J.P. Morgan announce closing on a 48,5% ownership stake in Viva Wallet Holdings Software Development S.A. (Viva Wallet). Haris Karonis and Makis Antypas, founders of Viva Wallet, secure their majority shareholding after the closing of the Transaction, as they hold 51,5% of shares in Viva Wallet. As part of the Transaction, J.P. Morgan is also converting Viva Wallets Convertible Loan Note and as a result Viva Wallet Group eliminates its debt. Viva!-->…