Morgan, Acquire

J.P. Morgan (NYSE: JPM) announces today that it has signed an agreement to acquire Renovite Technologies, Inc.

12.09.2022 - 07:02:37

J.P. Morgan to Acquire Renovite Technologies, Inc.. (Renovite), a leading cloud-native payments technology company.

in Viva Wallet (subject to regulatory approvals) and the strategic partnership with Volkswagen Financial Services AG.

Final transaction execution is subject to customary closing conditions.

About J.P. Morgan’s Corporate & Investment Bank

J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and securities services. The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $29 trillion of assets under custody and $722 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. Further information about J.P. Morgan is available at http://www.jpmorgan.com.

About Renovite Technologies, Inc.

Renovite was founded with the mission to develop and deliver the next generation of consumer payments solution for banks, processors, and merchants. Renovite recognizes that the aging payments infrastructure within many of the established payments providers is proving to be a costly and insurmountable barrier to the delivery of new innovative payments options. Renovite has developed an ultra-modern suite of payment solutions that can be easily integrated within legacy environments or as new platform deployments. These solutions are born from decades of experience in managing and delivering complex payments projects worldwide through a Continuous Delivery model. Renovite is headquartered in Fremont, California with offices in the UK and India.

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