JP Morgan to buy 48.5% stake in fintech Viva Wallet: Report
According to a source with knowledge of the situation who spoke to Reuters on Saturday, JP Morgan has agreed to pay more than $800 million for a 48.5% stake in the Athens-based payments fintech Viva Wallet.
The deal, according to the source, who requested anonymity, should be announced early next week. Viva Wallet and JP Morgan both declined to comment. The minority shareholders of Viva Wallet, including the Latsis family office, which owns about 13% of the company, British fund Hedosophia, which owns about 24%, and Deca Investments, which owns about 10%, will contribute the stake for the acquisition.