DECA investments completes investment in Viva Wallet

DECA investments, exclusive manager of Diorama Investments Sicar, on Monday announced the completion of the fund's sixth investment: a strategic minority equity participation in Viva Wallet Holdings for 15 million euros.
Viva Wallet established activities in Greece in 2000 and includes VivaWallet Holding SA (parent of the group, former Realize SA), a leader in IT transaction systems, Viva Electronic Services SA (B2C services) and Viva Payment Services. Viva Payments is the only e-money institution in Greece which operates as Principal Member of MasterCard and Visa. The company offers payment services in three currencies in five countries (Greece, Cyprus, UK, Belgium, Romania).
In an announcement, DECA said the investment in Viva was in line with Diorama Fund's strategy to make profitable investments by participating in dynamic, developing, extrovert Greek enterprises.
Haris Karonis, CEO in Viva, said: "The investment by Diorama and the institutional investors such as European Investment Fund, EBRD and European Investment Bank, is an intermediate funding of the five-year development plan of the company in the European Economic Area. This plan began with a strategic partnership with investment companies owned by Marianna I. Latsi and Paris Kasidokostas-Latsis in November 2014."
Yiannis Kalantzis, investment manager in DECA Investments, said that Viva "is a company we monitored with particular interest for years. We are impressed with its dynamism, its innovative business moves, its focus on detail and the ability to see opportunities."