JPMorgan Chase is considering buying a stake in Yapily, a financial technology startup that's seeking to raise fresh funds, people familiar with the matter said.
The U.S. bank is in early-stage talks with London-based Yapily about the possibility of making an investment, the people said, asking not to be identified discussing confidential information.
Yapily is looking to bring in capital as it closes in on its
Deliberations are ongoing, and there's no certainty they will result in a deal, according to the people. Representatives for JPMorgan and Yapily declined to comment.
Yapily has created an application programming interface for open banking, a tool that provides the infrastructure for software developers to build payment services and share data between different financial institutions. It works with accounting, crypto, digital banking and wealth management firms and has a presence in the U.K., Lithuania and Germany, according to its
For JPMorgan, any investment would continue a hot streak of fintech tie-ups for the bank. It's been
