Overview

WePay provides a payment gateway designed for platforms, focusing on Independent Software Vendors (ISVs) and Software as a Service (SaaS) providers. Its main product is an API that allows clients to integrate payment processing into their software, ensuring secure and scalable transactions. WePay differentiates itself through its partnership with JPMorgan Chase, which enables faster payouts and support for various payment methods. The company's goal is to empower platforms with efficient payment solutions that enhance their service offerings.

Simplify's Take

What believers are saying

• Embedded finance aligns with WePay's API-driven model, enhancing integration opportunities.
• The gig economy's growth increases demand for microtransaction and instant payout solutions.
• Open banking trends encourage collaboration, benefiting WePay through JPMorgan Chase.

What critics are saying

• Emerging fintech startups with lower fees could erode WePay's market share.
• Blockchain adoption may challenge WePay's traditional payment methods, requiring adaptation.
• Reliance on JPMorgan Chase's infrastructure poses risks if disruptions occur.

What makes WePay unique

• WePay offers a comprehensive API for seamless payment integration into platforms.
• The company provides white-label solutions, allowing businesses to brand WePay's services.
• WePay leverages JPMorgan Chase's scale for robust and dependable payment solutions.

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Funding

Total Funding

$72.2M

Below

Industry Average

Funded Over

6 Rounds

Notable Investors:

SV AngelY Combinator

Notable Investors:

SV AngelY Combinator

$400,000,000

Acquisition

Oct 2017

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!

Acquisition Funding Comparison

Coming Soon

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