JP Morgan has made a strategic investment in Slope, a B2B payments platform. AI-Led Platform secured $65 million in strategic equity and debt funding, led by J.P. Morgan Payments, to further scale its platform and expand its reach in the B2B payments market.
Slope is a promising B2B payments platform that leverages AI to streamline and automate complex processes. Its focus on security, efficiency, and customer experience positions it well for growth in the evolving B2B payments landscape.
The partnership involves more than just financial backing. J.P. Morgan Payments is actively utilizing payment platform to provide its clients with a short-term financing solution. This means that J.P. Morgan is leveraging Slope’s technology to enhance its own financial services offerings.
Additionally, the payment platform has joined the J.P. Morgan Payments Partner Network, which is an ecosystem of third-party applications designed to deliver comprehensive payment experiences. This further solidifies the collaboration between the two companies.
Overall, J.P. Morgan’s investment in Slope signifies its confidence in the platform’s potential to transform B2B payments through AI-powered automation and innovative solutions.
About Slope: It is a B2B payments platform designed to automate order-to-cash workflows for enterprise companies. It leverages artificial intelligence (AI) to streamline various aspects of B2B transactions, including checkout, customer and vendor risk assessment, embedded short-term financing, and payment reconciliation.