JP Morgan Chase is making its biggest acquisition since the financial crisis in acquiring InstaMed, the medical payments company, for more than $500 million; InstaMed automates medical billing by connecting hospitals, labs, and doctors offices with insurers and HMOs that make payments; they have 300 employees and processed $94 billion in transactions last year; it is interesting that JP Morgan’s only other significant acquisition in the last decade was WePay, another payments company that competes with PayPal and Stripe. Source.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.