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

First Data

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JPMorgan to buy payments firm WePay

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