Viva Wallet Acquires 33.5% Stake in Software Development Company “N7 Mobile”

The European neobank invests in ‘N7 mobile’ as part of its ambitious strategy to roll out European technology hubs

Warsaw, Poland, December 23, 2021 /PRNewswire/ — Viva Wallet, a European neobank present locally in 23 countries through branches, today acquired 33.5% of the Polish capital Mobile N7, a niche software development company.

Viva Wallet Acquires 33.5% Stake in Software Development Company ‘N7 Mobile’ (PRNewsfoto/Viva Wallet)

N7 mobile operates in Poland for more than a decade, having developed hundreds of software projects in native, server, backend and hybrid technologies for Polish and trans-European clients, including Microsoft, Orange, T-Mobile, Dolby, etc.

Viva Wallet The investment is another step towards the Company’s goal of growing its highly specialized software development team through the creation of technology hubs in Europe. Viva Wallet Tech hubs aim to attract new tech talent through Europe, by offering advanced growth opportunities as well as a strong potential for “intrapreneurial” partnerships, through Viva Wallet highly rewarding stock option plan for employees. For the same purpose, Viva Wallet recently expanded its stock option plan to encompass more than 200 employees, all sharing a portion of the company’s rapidly growing value.

The Company obtained additional financing from $80 million in the second quarter of 2021 from several technology and financial services investors, including Tencent and Breyer Capital, as a precursor to its Series D investment round scheduled for the fourth quarter of 2022.

On Viva Wallet
Viva Wallet is Europe’s first fully cloud-based neobank with offices in 23 European countries. Created to change the way businesses pay and get paid, Viva Wallet offers businesses of all sizes card-present and card-not-present acceptance of 24 payment methods, as well as business accounts with local IBAN and debit card issuance.

About N7 Mobile
N7 Mobile is a Warsawsoftware development company whose mission is to create meaningful digital products used by millions of users every day. The company specializes in finance, telecommunications and video streaming solutions for mobile platforms and provides dedicated software to its partners through Europe. N7 Space is a subsidiary of N7 Mobile developing high criticality software for the aeronautical segment.

Photo – https://mma.prnewswire.com/media/1715824/Viva_Wallet_N7_mobile.jpg
Logo- https://mma.prnewswire.com/media/1715825/Viva_Wallet_Logo.jpg

(PRNewsfoto/Viva Wallet)

(PRNewsfoto/Viva Wallet)

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