WePay Raises $40M

What does WePay do?

WePay, is a startup which helps platforms such as marketplaces, crowd funding sites and small business software seamlessly facilitates payments with no fraud loss. This payments company serves the needs of online marketplaces, small business software platforms and crowd funding sites. These are fueling commerce in a variety of new and interesting ways, helping millions of people all over the world in the process. This is the only company which offers customers complete protection from fraud risk while still providing them the flexibility to craft great experiences for their customers. It enables platforms to protect themselves from the fraud losses while still facilitating payments seamlessly, all without having to worry about the regulatory compliance.

How much WePay was funded?

WePay raised $40M in Series D funding on May 20^th, 2015 from FTV Capital.

Previous funding

• Undisclosed amount in Seed round on January 1, 2009 from Angus Davis and Y Combinator
• $1.7M in Series A round on December 23, 2009 from August Capital, Max Levchin, Dave McClure, SV Angel and Raymond Tonsing
• $7.5M in Series B round on August 12, 2010 from Highland Capital Partners and August Capital
• $10M in Series B round on May 3, 2012 from Ignition Partners, August Capital, Highland Capital Partners and Webb Investment Network
• $15M in Series C round on January 16, 2014 from Raymond Tonsing, Max Levchin, Maynard Webb, Webb Investment Network and Philip Purcell

What is next for WePay?

With the latest funding the total investments in the company amounts to $75 M. WePay will use the latest funding to help the company expand its services globally.

More about WePay

WePay was founded in 2008 by Richard Aberman and Bill Clerico. It has its headquarters in Palo Alto, CA. This platform protect its customers from the risk and regulatory exposure, while supporting a seamless experience.