J.P. Morgan Chase & Co. said that it agreed to buy payments company WePay Inc. in the bank’s first sizable acquisition of a financial-technology startup! I expect Jamie did not pay with bitcoin:)
WePay, which serves e-commerce and crowdfunding customers, was valued at roughly $220 million in a 2015 fundraising The banking giant plans to roll out WePay’s technology to J.P. Morgan’s four million small-business customers, said Matt Kane, CEO of Chase Merchant Services. WePay, which has roughly 200 employees, helps online marketplaces and crowdfunding websites like GoFundMe process payments. ... To Read the Full Story Subscribe
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