Viva Wallet raises $80M for its neo-bank

Viva Wallet, a Greek startup building banking services aimed at small and medium merchants, has picked up financing of $80 million, money that it will be using to expand its footprint and the services that it is offering to users, in particular expanding its Merchant Advance loans business.

The company is already live in 23 European markets and plans soon to expand that to Croatia, Hungary and Sweden.

The funding is notable in part because of who is doing the investing. Tencent — the Chinese technology giant behind Wechat that is also making major inroads into financial services — is in the round, alongside the European Bank for Reconstruction and Development (EBRD) and Breyer Capital. Hedosophia, the somewhat secretive fund that also has been active in SPACs in the US, is also a backer, TechCrunch have confirmed.

Read more: TechCrunch