Vivi 10-12G Registration of securities

 Exhibit 21

Vivi Holdings, Inc.

List of Subsidiaries

U.S Subsidiaries

Vivi Pay, Inc.

Vivi Assets, Inc.

ViviTech, LLC

Vivi Coins USA, Inc.

Image Access, Inc.

Subsidiaries in Brazil

Vivi Asset Consultoria de Negocios e Investimentos Sociedade Anomina

ViviPay Servicos e Intermediacoes Sociedade Anomina

ViviTech Desenvolvimento de Softwares SA

Subsidiary in Mexico

ViviPay Mexico, Sociedad Anomina de Capital Variable