JPMorgan Chase & Co. announces the creation and launch of a new platform, the main purpose of which is to simplify the process of finding venture investors for startups. The platform is designed to help investors at the fundraising stage by simplifying the process.
The creation of such a platform demonstrates JPMorgan Chase & Co's desire to expand and also to own a founder-friendly product. The platform, called Capital Connect, assists in the startup financing process.
All services provided by JPMorgan Bank will be available when using the Capital Connect platform. This was announced by Michael Elanjian of JPMorgan Chase & Co. According to him, the company will be able to stand out in the venture capital market, by combining the new digital platform and the experience gained over the years.
The company believes that the launch of such a platform is the first, but at the same time a big step in the direction of digitalization of services in the investment banking business, at least for the reason that it brings a big amount of money.