WePay

paymentspayment gateways

STATUS: Acquired/Merged
FOUNDING YEAR: 2008
LOCATION: United States
Last Update: 01/05/2020

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About

WePay, a Chase company, helps online platforms increase revenue through integrated payments processing under their own name.The company has uniquely enabled more than 1,000 platforms including Constant Contact, GoFundMe, and Meetup to incorporate payments without compromising on their user experience or taking on risk and regulatory exposure. In a mobile world, WePays integrations with Apple Pay and Android Pay for the Web help ensure high transaction conversions, while the companys mobile point of sale (mPOS) solution allows platforms to seamlessly handle in-person payments in addition to online payments. WePay also offers a wide range of add-ons to support platforms specific needs.WePay has earned Inc. 500 recognition as one of the fastest growing private US companies. It has also earned recognition on multiple Best Places to Work lists.Learn more at wepay.com, or join us at wepay.com/careers.

MEDICI Analysis

WePay was acquired by JP Morgan in October 2017. WePay is an online payment service provider in the United States. WePay's payment API focuses exclusively on platform businesses such as crowdfunding sites, marketplaces and small business software. Through this API, WePay gives these platforms a way to offer credit card acceptance to their users while protecting themselves from losses due to fraud with included risk management technology

Focus

PRODUCTS & SERVICES

Money transfer. It aims to create best possible payment experience for its clients which aims to address various issues like multiple payments and etc.

REVENUE MODEL

WePay charges 2.9% plus 30 cents for each credit card transaction and 1% plus 30 cents in fees for every bank (ACH) payment.

MAIN CLIENTS

Care.com

Constant Contact

GoFundMe

Meetup

Wiz Events

GiveForward

Fundly

Classy

YouCaring

Fusesport

Fundrazr and others

EXISTING PARTNERSHIPS

Aplos Software - a web-based nonprofit software company

to help nonprofits and faith-based organizations accept online donations.Pay It Square,1000 memories.

Traction

NUMBER OF TRANSACTIONS:

1.5 M

People

BOARD MEMBERS AND ADVISORS

Peter Bell

Osama Bedier

David Wu

Rasmus Lerdorf

Porter Gale

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Angus Davis

August Capital

Dave McClure

FTV Capital

Highland Capital Partners

Ignition Partners

Max Levchin

Maynard Webb

Philip Purcell

Philippe Suchet

Raymond Tonsing

SV Angel

Webb Investment Network

Y Combinator

Momentum

FUNDED

YES

NUMBER OF FUNDING ROUNDS

4

TOTAL FUNDING

$74.2 M

FUNDING SERIES

SERIES A  · $1.7 M  · ---

SERIES B  · $17.5 M  · ---

SERIES C  · $55 M  · ---

LISTED

NO

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