Viva Wallet Revenue, Valuation, Funding & Investors

Viva Wallet is valued at $1.7B as of April 2021.

Last Viva Wallet valuation

$1.7B

Series D · Apr 2021

Last Viva Wallet funding round

$80M

Series D · Apr 2021

Viva Wallet revenue

$51M

Series C · Feb 2020

Key investors in Viva Wallet

Viva Wallet Overview

About Viva Wallet

Viva Wallet is an Athens-headquartered digital banking provider operating in 23 European countries as a principal member of Visa and Mastercard for acquiring and issuing. The neobank offers card acceptance via Smart Android terminals, Viva Wallet POS app, and online payment gateways, alongside business accounts featuring local IBANs and Mastercard debit cards. Viva Wallet owns VIVABANK SA as a Greek banking subsidiary and an E-money institution compliant with PSD II across the EEA. Services include multi-currency settlements and integrations for e-commerce platforms, targeting SMEs and enterprises with hardware-free payment solutions.


Founded

2010

HQ

GreeceAthens

Status

Privately held

Customer focus

B2B

Revenue model

Commission

Revenue

$51M (Feb 2020)

Valuation

$1.7B (Apr 2021)

Viva Wallet Valuation

Viva Wallet is currently valued at $1.7B, based on its Series D in April 2021.

The $80M round included Breyer Capital, Tencent and European Bank for Reconstruction and Development.

Viva Wallet's valuation has grown 4.9x from $351M at its Series C in February 2020 to $1.7B in April 2021, across 2 priced rounds.

Viva Wallet valuation by funding round

Revenue multiple
Viva Wallet valuation by funding round
DateStageValuationRevenue Multiple
Apr 2021Series D$1.7B-
Feb 2020Series C$351M6.9x

Viva Wallet Revenue

Viva Wallet's latest recorded revenue is $51M, as of its Series C in February 2020. At a $351M valuation, that implies a 6.9x revenue multiple.

Viva Wallet revenue by funding round

Viva Wallet revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Feb 2020$51M$351M6.9xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Viva Wallet Funding History

Viva Wallet has raised a total of $189M across 4 funding rounds, plus 1 secondary share sale.

Viva Wallet's first fundraising round was a $8M Series A in February 2014. The most recent completed round was a $80M Series D in April 2021.

Viva Wallet funding rounds

Viva Wallet funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jan 2022SecondaryJPMorgan Chase (lead)$800M-Viva Wallet is a Greek cloud-based payments fintech founded in 2000, headquartered in Athens, serving small and medium businesses across 23 European countries with a proprietary platform offering Tap to Device technology, merchant cash advance, bill pay, expense management, virtual debit cards, cash disbursement, gift cards, and loyalty programs. In January 2022, JP Morgan Chase invested in Viva Wallet by acquiring a 48.5% to 49% stake, with financial terms including a payment of around $800 million specifically for the partial ownership; the founder Haris Karonis retains 51.49% through Werealize.com. The strategic investment aimed to expand omnichannel merchant acquiring for European SMBs and enhance payments innovation by combining Viva's local capabilities with JP Morgan's international expertise. No prior fundraising history is detailed in available information. The deal has led to ongoing legal disputes, with JP Morgan suing Viva executives for €916 million in damages alleging actions undermining the investment's value, while Karonis claims JP Morgan suppressed growth to affect future valuation thresholds under their shareholder agreement.
Apr 2021Series DBreyer Capital; Tencent; European Bank for Reconstruction and Development$80M$1.7BViva Wallet is a Greek cloud-based fintech provider offering banking services, payments, and credit solutions targeted at small and medium-sized enterprises (SMEs) across 23 European markets, with plans to expand to Croatia, Hungary, and Sweden. In April 2021, the company raised $80 million in a funding round from investors including Tencent, the European Bank for Reconstruction and Development (EBRD, contributing EUR 25 million), Breyer Capital, and Hedosophia. This investment supports geographical expansion, new service launches like one-line-of-code e-commerce integrations and credit services underwritten via its acquired Praxia Bank, and unifying Europe's fragmented payments market. Viva Wallet, founded by Haris Karonis, had previously secured a Series C in H1 2019 at a EUR 305 million valuation and obtained a full banking license in August 2020, enabling broader offerings like loans and savings products. Post-2021 developments included a 2022 deal where JPMorgan acquired 48.5% of Viva Wallet for around EUR 800 million to EUR 1.02 billion, implying a $2 billion valuation while founders retained 51.5% control; employee bonuses of EUR 88.6 million were part of this. By 2022, the company reported US$2.055 billion in revenue, and in 2025, it merged Viva Payments into VivaBank.
Feb 2020Series CHedosophia (lead)$83M$351MViva Wallet is a Greek cloud-based fintech provider offering banking and payment services targeted at small and medium-sized enterprises (SMEs), including Tap-On-Phone solutions, merchant advances, and lending capabilities. It operates in 23 European markets as of 2021 and expanded through acquisitions like Praxia Bank in 2020 to enter digital lending. The company began as a software house for credit institutions in 2000, obtained an electronic money institution license in 2014, and grew into a neobank-like service. The relevant funding round matching the query is the Series C in late 2019/early 2020 (Jan 31, 2020), raising approximately $83 million led by Hedosophia at a post-money valuation of €305 million. This round preceded later financings, including an $80 million post-Series C in April 2021 from Tencent, EBRD, Breyer Capital, and Hedosophia, and a major 2022 deal where JP Morgan acquired 48.5% stake at $2 billion valuation by buying out minority investors including Hedosophia without diluting founders' 51.5% ownership. Financial traction around the 2020 round showed €44 million in revenue for 2020, a 29% increase from 2019, with growth accelerating to around €130 million in 2021. The company reported profitability by Q1 2021, 60,000 active merchants (targeting 100,000 by year-end), and over 40% business growth in the prior year. Viva Wallet positioned itself to unify Europe's fragmented payments market with frictionless, localized solutions, avoiding legacy hardware. Later developments included employee bonuses of €88.6 million ($100 million) in 2022, testing buy-now-pay-later services, and acquisitions like N7 Mobile and Fraudio for software and fraud prevention.
Apr 2018Undisclosed stage-$18M-Viva Wallet, founded in 2000 in Athens, provides cloud-based neobanking for SMEs with localized payment methods and IBAN accounts. Sources reference a $15M unknown round in September 2018 with DECA Investments. The prominent $80M funding round announced in April 2021 involved investors like Tencent, EBRD, Breyer Capital, and Hedosophia, supporting expansion of payment and credit services across 23 European countries, including Tap-on-Phone and Merchant Advance loans. At that 2021 time, it reported profitability from Q1 2021, over 40% business growth in the prior year, and 60,000 active merchants, targeting 100,000 by year-end—later Series C in 2019 valued at €305M and ongoing Series D at €1.5B ($1.8B). Subsequent 2022 JPMorgan deal valued it at $2B for 48.5% stake, making it Greece's first unicorn, with founders retaining 51.5%.
Feb 2014Series A-$8M--

Who has invested in Viva Wallet?

5 investors have backed Viva Wallet across its funding rounds, including Tencent, JPMorgan Chase, Breyer Capital, Hedosophia and European Bank for Reconstruction and Development.

Lead investors include JPMorgan Chase and Hedosophia.


Viva Wallet Investors

Investors in Viva Wallet by funding rounds participated
InvestorHQRoundsRoleFirst check
Breyer CapitalUnited StatesSan Francisco, CA1ParticipantApr 2021
TencentChinaShenzhen1ParticipantApr 2021
JPMorgan ChaseUnited StatesNew York City, NY1LeadJan 2022

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Viva Wallet

Viva Wallet has acquired 1 company to date.

Last acquisition by Viva Wallet was on January 27th 2020. Viva Wallet acquired Praxia Bank for $124M.


Latest Acquisitions by Viva Wallet

Praxia Bank
Description
-
HQ CountryGreece
HQ City
-
Deal Date27 Jan 2020
Valuation$124M
EV/Revenue
EV/EBITDA

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Viva Wallet Competitors

Viva Wallet competitors include listed companies like PicPay and Flywire, and private ones like Tide, Jeeves, CloudWalk and stc pay.

Public and private companies comparable to Viva Wallet
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
PicPayBrazilBrazilPublicly listed$1.2B$205M$1.2B0.5x
TideUnited KingdomLondonPrivate$225M-$1.5B6.7x
JeevesUnited StatesMiami, FLPrivate$40M-$2.1B52.5x
CloudWalkBrazilSão PauloPrivate--$2.1B-
FlywireUnited StatesUnited StatesPublicly listed$623M$45M$2.2B2.6x
stc paySaudi ArabiaRiyadhPrivate$278M-$1.3B4.8x

Viva Wallet Public Comps

Viva Wallet is still privately-owned, but its public comps include Evertec, Kbank, Wealthfront, Flywire, Fawry, PicPay, Pine Labs, StoneCo, Deluxe and Lakala.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Evertec$932M$330M3.0x2.7x8.6x6.8x
Kbank$461M-3.5x4.2x--
Wealthfront$365M($93M)4.3x4.2x(17.0x)9.9x
Flywire$623M$45M3.0x2.6x41.8x11.9x
Fawry$166M$73M6.8x5.2x15.4x9.6x
PicPay$1.2B$205M1.0x0.5x6.0x3.8x
Pine Labs$250M$14M8.0x6.4x145.8x32.6x
StoneCo$2.6B$965M1.3x1.2x3.6x2.2x

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Common questions about Viva Wallet

When was Viva Wallet founded?Viva Wallet was founded in 2010.
Where is Viva Wallet headquartered?Viva Wallet is headquartered in Athens, Greece.
Is Viva Wallet publicly listed?No, Viva Wallet is a private, VC-backed company.
What is Viva Wallet's valuation?Viva Wallet was last valued at $1.7B in its Series D in April 2021.
How much funding has Viva Wallet raised?Viva Wallet has raised $189M across 4 funding rounds.
What was Viva Wallet's last funding round?Viva Wallet's last funding round was a $80M Series D in April 2021.
Who are Viva Wallet's investors?Viva Wallet's investors include Breyer Capital, Tencent, JPMorgan Chase, Hedosophia and European Bank for Reconstruction and Development.
What is Viva Wallet's revenue?Viva Wallet's latest recorded revenue is $51M (February 2020).
What is Viva Wallet's revenue multiple?Viva Wallet's latest valuation implies a 6.9x revenue multiple ($351M valuation on $51M of revenue).
Which companies are comparable to Viva Wallet?Companies comparable to Viva Wallet include PicPay, Tide, Jeeves, CloudWalk, Flywire and stc pay.
How many companies has Viva Wallet acquired?Viva Wallet has acquired 1 company, including Praxia Bank.
What was the largest acquisition by Viva Wallet?The $124M acquisition of Praxia Bank in January 2020 is the largest acquisition Viva Wallet has made to date.

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