WePay, which serves e-commerce and crowdfunding customers, was valued at roughly $220m in a 2015 fundraising

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JPMorgan has agreed to buy payments company WePay in the bank’s first sizable acquisition of a financial technology startup, 

The banking giant plans to roll out WePay’s technology to JPMorgan’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.

Peter Rudegeair

JPMorgan

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JPMorgan to buy payments firm WePay

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