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 Charlotte, North Carolina, bank is one of several that have embedded automated investing in their online and mobile banking, alongside access to human advisors.
JP Morgan Chase managing director Sanjiv Somani will take on responsibility for Nutmeg. This follows the announcement that Nutmeg chief executive officer Neil Alexander resigned from his role at the online investment management service company.