We are advising Viva Wallet on the transaction

We are advising Viva Wallet in connection with the acquisition by J.P. Morgan of an ownership stake of approximately 49% in the company, subject to regulatory approvals. Financial terms of the transaction have not been disclosed.

Founded in 2000, Viva Wallet is headquartered in Athens, Greece, and focuses on serving SMBs in 23 countries. The company is the first European entirely cloud-based Neobank and has built a proprietary, cloud-based payments platform that is able to offer a broad array of value-added services to merchants including tap to device technology, merchant cash advance, bill pay, expense management, virtual debit card issuance, cash disbursement, gift cards and loyalty. JPMorgan Chase & Co. is a leading financial services firm based in the United States, with operations worldwide that include investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.

The Davis Polk corporate team includes partner Will Pearce, counsel Joseph Scrace and William Tong and associates Sophie Bessisso and Aaron Zacharias. Partner Jonathan Cooklin and associate Freddie Schwier are providing tax advice. Counsel Nicholas Spearing and Matthew Yeowart and associate Mark Chalmers are proving antitrust and regulatory advice. All members of the Davis Polk team are based in the London office.

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