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U.K. Judge David Foxton stopped the bank from suing the directors of Viva Wallet in Greece on grounds that the fintech ...
JP Morgan must stop suing directors of fintech Viva Wallet in Greece, London's High Court ruled on Friday, in the latest ...
JPMorgan (JPM) has filed two lawsuits over its investment in fintech Viva Wallet, Bloomberg’s Sotiris Nikas reports. According to a source familiar with the matter, the bank is claiming EUR 916M ...
The U.S. bank bought a 48.5% stake in Viva Wallet, which is used by businesses in southern Europe, for about $800 million in 2022. Werealize (WRL) owns 51.49%.
The case is the latest episode in a fraught relationship between the investment bank and two European fintech companies.
JPMorgan paid around $800 million for a 48.5% stake in Viva Wallet in 2022. The payment firm's founder, Haris Karonis, owns 51.49% through his Werealize.com operation.
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