Deals
JPMorgan to Buy Payment Firm WePay in Rare FinTech Acquisition
- JPMorgan has typically pursued partnerships in fintech
- WePay CEO asked to help JPMorgan recruit in California
This article is for subscribers only.
JPMorgan Chase & Co. plans to acquire the startup WePay to help its 4 million small-business customers accept payments faster.
The deal will let the bank’s customers integrate payments into the software they use, New York-based JPMorgan said Monday in an emailed statement, without disclosing terms. WePay, founded in 2008, already works with software platforms like GoFundMe and FreshBooks, JPMorgan said.