WePay's technology, popular among small businesses, helps online software service providers like FreshBooks and crowdfunding websites such as GoFundMe process payments without impacting the user experience designed by developers.
The terms of the deal were not disclosed. WSJ reported the price was above the roughly $220 million valuation that WePay achieved in a 2015 fundraising.Earlier this month, JP Morgan led a $100 million investment in Bill.com, which it partnered with to help business clients make and receive payments electronically. (Reporting by Tamara Mathias in Bengaluru; Editing by Shounak Dasgupta)JPMorgan to buy online payment provider WePay
Mike Segar
TOP READS FROM THE FISCAL TIMES
-
Lawsuit saying Twitter aided Islamic State thrown out by U.S. appeals court
(Reuters) - A federal appeals court in San Francisco ruled on Wednesday that Twitter Inc is not liable to families of... -
Boeing ends Wall St.'s slide, Fed caution limits gains
(Reuters) - A surge in Boeing led Wall Street out of a two-day slump on Wednesday, but U.S. stocks pared gains in early... -
U.S. food distributors allege Tyson Foods, rivals fixed chicken prices
CHICAGO (Reuters) - Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country's biggest chicken...