Goodwin’s Technology team advised WePay on its agreement to be acquired by JPMorgan Chase & Co., making it easier for business app makers and independent software vendors (ISVs) to seamlessly integrate payments into the software commonly used by small businesses. WePay and its employees will operate as Chase’s payments innovation incubator in Silicon Valley. Financial terms of the transaction were not disclosed and the acquisition is subject to approvals and customary closing conditions.
WePay, a Silicon Valley-based financial technology firm, delivers payments-as-a-service APIs for simple onboarding and activation of payments, without impacting the user experience designed by developers.
JPMorgan Chase & Co. is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management.
For additional details on the transaction, please read the press release.