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JP Morgan and fellow Viva Wallet shareholder WeRealize exchange lawsuits

February 20, 2024


The US bank first acquired a 48.5% stake in Viva Wallet in December 2022 in an effort to tap the European payments market, with WeRealize, led by Viva Wallet founder Haris Karonis, retaining the remaining share.

However, reports have suggested tension has been rising between the two companies in recent months.

Now, JP Morgan has filed a lawsuit against the holding company, alleging infringements against its pre-agreed rights as an investor in the deal.

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