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Founded in 2000, Viva Wallet offers a cloud-based payments platform for SMBs in 23 countries across Europe. It provides card acceptance services through its point-of-sale application, as well as business card services to small businesses. Terms were not disclosed, but the deal was reported to be valued at more than $2b.
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"We are very excited to make a strategic investment in Viva Wallet to support their vision to empower new growth and payments innovation targeted at European small and midsize businesses," JPMorgan's head of global payments Takis Georgakopoulos said in a statement.
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