Viva Wallet acquires 33.5% stake in ‘N7 mobile’ SoftDev company

Viva Wallet, a European neobank with local presence in 23 countries through branches, acquired today the 33.5% of Polish N7 mobile, a niche software development company managed by Marcin Kocoń.

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

Viva Wallet’s investment is another step forward, towards the Company’s objective to grow its highly specialized software development team through the creation of Technology Hubs in Europe. Viva Wallet’s Technology Hubs aim to attract new tech talent across Europe, by offering advanced growth opportunities as well as a strong ‘intrapreneurial’ partnership potential, through Viva Wallet’s highly rewarding employee share option plan. To the same objective, Viva Wallet has recently expanded its share option plan to encompass more than 200 employees, all sharing part of the Company’s highly growing Value.

The Company secured additional financing of $80 million in Q2 2021 from several technology and financial services investors, including Tencent and Breyer Capital, as a precursor to its Series D Round of investment planned for Q4 in 2022.

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