J.P. Morgan Buys Payment Startup WePay as It Kicks Off Fintech Acquisitions
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J.P. Morgan Buys Payment Startup WePay as It Kicks Off Fintech Acquisitions
J.P. Morgan Chase & Co. announced on Tuesday that it has agreed to acquire WePay Inc., a San Francisco startup that processes credit card payments online on platforms such as GoFundMe or CrowdRise, for an undisclosed amount.
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The deal marks the first sizable acquisition in J.P. Morgan’s recently announced investment plan, in which the banking giant has committed to expanding in the thriving fintech sector.
According to the WSJ, the price it heard from a person familiar with the ... (read more)
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