JPMorgan / Viva Wallet 2022
JPMorgan Chase acquired Viva Wallet for $800M on January 1, 2022.
- Target
- Viva Wallet
- Acquirer
- JPMorgan Chase
- Deal value
- $800M
- Announced
- January 1, 2022
- Sub-sector
- Payments
Transaction overview
- JPMorgan Chase announced the acquisition of Viva Wallet on January 1, 2022 for $800M.
Strategic rationale
JPMorgan acquired 49% stake in European fintech to expand payments infrastructure footprint in Europe.
Deal terms & multiples
Sources
- nypost.com /2023/12/29/business/jpmorgan-owned-firm-acts-as-payment-processor-for-porn-report/