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Home»Fintech»Viva Wallet confirms closures of JPMorgan deal
Fintech

Viva Wallet confirms closures of JPMorgan deal

December 20, 2022No Comments2 Mins Read
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Cion Digital names Sundar Nagarathnam COO
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Right now, Viva Pockets and J.P. Morgan announce closing on a 48,5% possession stake in Viva Pockets Holdings Software program Growth S.A. (Viva Pockets).

Haris Karonis and Makis Antypas, founders of Viva Pockets, safe their majority shareholding after the closing of the Transaction, as they maintain 51,5% of shares in Viva Pockets. As a part of the Transaction, J.P. Morgan can also be changing Viva Pockets’s Convertible Mortgage Observe and consequently Viva Pockets Group eliminates its debt. Viva Pockets additional will increase its capital by a €100m money injection offered by J.P. Morgan. The settlement between J.P. Morgan and Viva Pockets was introduced in January 2022.

Viva Pockets, a number one European cloud-based neobank, has been dedicated to growing cutting-edge applied sciences, aiming to form the way forward for funds, unifying the fragmented European funds panorama. With native branches in 24 European markets, Viva Pockets is finest positioned to serve companies of all sizes and marketplaces throughout the continent. Harnessing the ability of revolutionary applied sciences, such because the “tap-on-phone Viva Pockets POS app” and Good Checkout cost gateway, Viva Pockets delivers an omnichannel resolution, that gives seamless, conversion-boosting and safe methods to course of transactions each within the bodily and digital worlds, streamlining enterprise operations and enhancing the shopper expertise. Plus, with a give attention to future-proofing for the EU Digital Providers Act of 2022, Viva Pockets is the proper alternative for any market platform seeking to keep forward of the curve within the quickly evolving world of funds.

On the similar time, Viva Pockets’s Share Possibility Plan stays a key driver for progress. Thirty-five thousand (35.000) shares of $50m can be distributed to 200 Viva Pockets staff -the firm’s “intrapreneurs”-, reflecting their contribution to the corporate and their employment tenure; one of many best Share Possibility Plans ever deployed. New and future staff can have the chance to turn out to be a part of a brand new Share Possibility Plan, a vital technique of attracting new expertise from throughout Europe, who share Viva Pockets’s forward-thinking mindset, imaginative and prescient, and values.

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