On December 4, 2017, JP Morgan Chase & Co. ("JP Morgan") completed its acquisition of WePay Inc. ("WePay"). This is JP Morgan's first major acquisition of a financial-technology start-up. JP Morgan will provide its four million small businesses clients with WePay's payments technology.
WePay is an online payment service provider that provides an integrated and customizable payment solution to software and platform companies.
Osler, Hoskin & Harcourt LLP represented JP Morgan with a team consisting of Tim Hughes, D’Arcy Schieman, Chris Sheridan (Taxation), Kashif Zaman (Financial Services), and Shuli Rodal (Competition/Foreign Investment).