JP Morgan Chase Acquires Payments Fintech WePay

JP Morgan Chase made their first fintech acquisition with the purchase of payments company WePay; financial terms were not disclosed but the WSJ reports the price was above their 2015 valuation of $220mn; this deal points to a larger trend in the payments space with 2017 seeing deals for 166 companies worth $29.3mn. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.