US investment bank JP Morgan has reportedly agreed to acquire just under half of Viva Wallet in a deal worth more than $800 million.

According to sources cited by Reuters, the bank will acquire a 48.5% stake in the Greek payments FinTech firm, with the deal expected to be confirmed early this week.

Founded in 2000, Viva Wallet is headquartered in Athens, Greece, and focuses on serving SMBs in 23 countries. The company built a cloud-based payments platform that is able to offer a range of 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.

The stake is set to be acquired from Viva Wallet’s minority shareholders. The 48.5% will be made up of 13% currently held by Latsis family office, the 24% held by hedge fund Hedosophia and the 10% held by Deca Investments.

In January, JP Morgan announced a deal to acquire approximately 49% of Viva Wallet. However, that deal seemed to have been off after the companies missed a 30 November deadline to announce a formal agreement. Local media in Greece reported that the parties had a disagreement over the final purchase price, with Viva previously seeking a $1.5 billion valuation prior to the economic impacts of the war in Ukraine and looming global recession.

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