Former Wells Fargo and PayPal executive Peggy Mangot has joined JPMorgan Chase as head of fintech partnerships for the firm’s commercial bank.
Mangot, who joined the bank this month, according to her LinkedIn account, leads a team responsible for designing, developing and driving the commercial bank’s fintech partnership strategy, JPMorgan said in an internal memo.
“We’re excited to have Peggy at the helm of this important effort. Peggy brings a wealth of expertise having worked with fintechs across both consumer and B2B payments for the last two decades,” Sue Dean, head of payments solutions for JPMorgan Chase Commercial Banking, said in a statement.
Based in San Francisco, Mangot reports to Stephen Markwell, who leads payments product strategy at JPMorgan’s commercial bank, a role that includes fintech partnerships, the bank said.
Mangot joins the New York City-based bank after serving almost two years as an operating partner at PayPal Ventures where she helped lead investments globally across fintech, commerce, infrastructure and crypto.
Prior to joining PayPal, Mangot was senior vice president of innovation at Wells Fargo, where she led the development and launch of Greenhouse, a money management app the bank rolled out in 2017.
The app, which was geared toward younger users and gig workers, competed with Wells Fargo’s main retail banking offerings, according to CNBC. Wells Fargo stopped accepting users for Greenhouse in 2020.
Mangot, a former Google executive, also co-founded the micro-investing startup SparkGift before it was acquired by Stockpile.