WePay
Online payment service provider
- 201-500 employees
- Fintech
- B2B
- Payments
- Financial Services
- SaaS
- Redwood City, CA
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Company mission
To deliver powerful payments infrastructure to the software platforms that serve small businesses.
-20% employee growth in 12 months
Our take
Small business owners spend a lot of valuable time dealing with payment issues, and with the fast shift to online purchasing, payment solutions are desperately needed. WePay is part of the solution, offering software to facilitate payments to marketplaces, small businesses, and crowdfunding sites.
Although WePay has a commanding market position, it faces competition from other payment processors like PayPal and Stripe. WePay differentiates itself by offering far stronger anti-fraud checks and chargeback protection than the competition, solving persistent problems with online payments. As a result its white label solution, Clear, has been taken up by numerous companies, including FreshBooks, GoFundMe and Meetup.
In 2017 WePay was acquired by JPMorgan Chase, enabling it to offer a range of banking services that extend far beyond its core offering of payments processing. WePay is currently focusing on developing its platform and extend its marketing reach, hiring on talent to help it continue its mission to disrupt the FinTech sector for individual traders and small businesses.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Catered Lunch
- Competitive Pay
- Paid Time Off
- Fully Stocked Kitchen
- Commuter Benefits
- Growth Environment
Funding (last 2 of 5 rounds)
May 2015
$40m
LATE VC
Jan 2014
$15m
SERIES C
Total funding: $74.2m
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