JPMorgan is buying an ESG investing platform

Is the bank’s third fintech acquisition of the past year.

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JPMorgan Chase has agreed to buy OpenInvest, a San Francisco-based start-up backed by Andreessen Horowitz and founded by former Bridgewater Associates employees, CNBC has learned exclusively.
Rather than just plowing money into ESG investment funds, clients can use OpenInvest to create highly personalized, dynamic, values-based portfolios. The company pulls data from more than 35 sources to feed decision engines embedded in its tools.
JPMorgan approached OpenInvest when the start-up was close to wrapping its Series B funding round, according to people with knowledge of the deal.

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