JPMorgan Chase is making a play for some of Greensill Capital’s customers, according to people familiar with the matter, upending a bid by Apollo Global Management to buy the finance startup’s core business.

The largest US bank by assets is teaming up with Taulia, a technology platform that was a main source of customers to Greensill. JPMorgan would provide $3.8bn to fund deals to the former Greensill clients on Taulia’s platform, the people said.