JPMorgan Chase pursues fintech partnerships in consumer lending and BNPL

JPMorgan Chase signaled an acquisition thesis in Strategic partnership approach on September 1, 2021.

Primary

JPMorgan Chase

Structure

Strategic partnership approach

Date

September 1, 2021

Sub-sector

Lending Tech (Consumer)

JPMorgan's new card services CEO Allison Beer signals willingness to partner with fintechs and BNPL players rather than compete antagonistically, reflecting bank's pivot toward collaboration in consumer lending.

Primary company

JPMorgan Chase

Counterparty

Not disclosed

Amount

Not disclosed

Event date

September 1, 2021

Sub-sector

Lending Tech (Consumer)

HQ

Not disclosed

Structure

Strategic partnership approach

Source published

October 26, 2021

Publisher

Business Insider

Source: businessinsider.com