LONDON, UK–Icon Solutions, which specializes in payment solutions and consultancy services, has announced a strategic investment from J.P. Morgan.

Icon Solutions will invest in its technology and geographic reach. The company has defined, architected, and built IPF, which is a cloud native, cost-effective, and collaborative payments platform that combines open source technology with lightweight integration.

“We’re excited to support Icon with this strategic investment as they look to continually build a simplified, collaborative payments ecosystem, driving emerging payments rails and innovation,” said Sara Castelhano, EMEA head of payments, digital and solutions, J.P. Morgan Wholesale Payments. She will be joining Icon’s board of advisors.

“Investment from J.P. Morgan is recognition of our achievements to date in supporting the evolution of the payments industry,” added Tom Kelleher, co-founder and commercial director at Icon Solutions. “Looking forward, it’s validation of our vision and ability to support ever-growing demand for technology transformation. We will benefit greatly from the scale and insight of a global banking leader and one of the most visionary technology companies in the world, with the flexibility and independence to pursue our innovation and growth roadmap.”

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