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JPMorgan Chase axes startup-VC platform Capital Connect, but remains committed to innovation economy

JPMorgan has redeployed most of Capital Connect's 200 employees

JPMorgan Chase has launched a new program called Capital Connect to support banking startups, aiming to fill the void left by the collapse of Silicon Valley Bank. Capital Connect is designed to connect startups with venture capital firms and other financial services, offering a platform where startups can manage their finances, access capital, and network with investors. The initiative reflects JPMorgan's strategy to deepen its engagement with the tech and innovation sectors, providing a comprehensive suite of services that cater to the unique needs of startups. This move is part of a broader effort by major banks to capture a share of the startup market, which has been traditionally underserved by large financial institutions.

Read the Full Fortune Article at:
https://fortune.com/article/jpmorgan-chase-banking-startups-venture-capital-capital-connect-silicon-valley-bank/