JPMorgan is buying an ESG investing platform in bank’s third fintech acquisition of the past year


JPMorgan Chase wants to take the sustainable-investing trend to the next level.

To do that, the biggest U.S. bank by assets has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively.

It’s the third acquisition of a fintech start-up by JPMorgan since December, when the bank bought 55ip, a company that automates the construction of tax-efficient portfolios. This month, JPMorgan said it was acquiring UK-based robo-advisor Nutmeg to help boost its overseas digital banking efforts.

CEO Jamie Dimon said last year that the bank would be “much more aggressive” in searching for…


0 0 votes
Article Rating

Cathie Wood’s Ark Invest to create a bitcoin ETF under the symbol ‘ARKB’

Previous article

Looming Bangladesh lockdown to hit apparel retailers H&M, Levi’s

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Investing