About This Deal
JPMorgan Chase & Co acquired WePay, a transaction completed in December 2017.
WePay operates in Payments technology, is based in Redwood City, California, USA. Chase acquired WePay, a payments company focused on integrated payments for independent software vendors and platforms serving small businesses. The deal let software providers offer instant merchant onboarding backed by Chase's network and fraud protection, giving developers access to Chase's small-business client base.
Embed Chase payments directly into the software small businesses already use.
Chase Merchant Services / Commerce Solutions
Deal Terms
Acquirer
JPMorgan Chase & Co
Target
WePay
Value
Not disclosed
Date
December 2017
Type
Full acquisition
Status
Do not publish
Transaction Details
Target HQ
Redwood City, California, USA
Segment
Payments technology
Announced
October 17, 2017
Closed
December 4, 2017
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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