page contents

JPMorgan Acquires Fintech Start-Up WePay – JPMorgan (NYSE:) said Tuesday it has agreed to buy payments start-up WePay, in its first major acquisition of a financial technology startup.
The two companies didn’t disclose the terms of the deal, but the Wall Street Journal reported the price being above $ 220 million.
The investment banking giant said it will roll out WePay’s payments technology to its 4 million small businesses clients.
WePay’s software is used by online marketplaces and crowdfunding websites like GoFundMe to process payments.
Financial institutions have expr…
Stock Market News

Leave a Reply

Your email address will not be published. Required fields are marked *


This site uses Akismet to reduce spam. Learn how your comment data is processed.

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.