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Overview
WePay provides payment gateway capabilities tailored for platforms. It offers a comprehensive API that ISVs and SaaS providers can integrate into their software to handle payments securely and at scale. The API supports multiple payment methods and use cases, enabling products to process transactions within their platforms. WePay leverages JPMorgan Chase’s scale to offer reliability, faster payouts, and access to pre-certified card-present devices, helping platforms grow without worrying about payment logistics. The company earns revenue through transaction processing fees, referral fees to Chase’s integrated solutions, and white-labeling the service for brands to reuse as their own. Overall, WePay helps platforms add secure, scalable payment processing with branded options while relying on Chase’s infrastructure for trust and speed.
About WePay
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Acquired
Total Funding
$474.3M
Headquarters
Palo Alto, California
Founded
2008
Simplify's Take
What believers are saying
- Mobile payment adoption via Apple Pay and Android Pay integration drives platform conversion.
- Strategic partnerships with Nexus and PREto3 expand addressable market in real estate and childcare.
- Chase's merchant acquirer scale enables faster payouts and pre-certified device support.
What critics are saying
- Stripe dominates platform payments with superior developer tools, processing 10x WePay volume.
- Adyen undercuts pricing with unified commerce APIs at 20–30% lower effective fees.
- CFPB Rule 1033 enables direct bank APIs, collapsing intermediary fees by 2028–2029.
What makes WePay unique
- Purpose-built API for platforms settling money between users, not general merchants.
- Integrated fraud, compliance, and support bundled at no extra cost versus competitors.
- JPMorgan Chase backing provides access to 4 million small business clients for onboarding.
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Funding
Total Funding
$474.3M
Above
Industry Average
Funded Over
7 Rounds
SV Angel
Y CombinatorBenefits
Competitive Pay
Stock Purchase Plan
Paid Time Off
Healthcare
401(k)
Support for families
Growth & Insights and Company News
6 month growth
↑ 22%1 year growth
↑ 22%2 year growth
↑ 22%For example, JPMorgan Chase acquired WePay, an online payment processing company, while Barclays partnered with MarketInvoice, a peer-to-peer lending platform.
PREto3, a leading provider of childcare management software, has announced a new partnership with WePay by J.P. Morgan.
In March 2021, WePay partnered with US-based accounts payable solutions provider Nexus to launch NexusDirect - a payment solution enabling Nexus’ SME clients in the real estate segment to accept payments via virtual cards - In September 2019, WePay launched a new suite of integrated payment solutions including Link, Clear, and Core.
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About WePay
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Acquired
Total Funding
$474.3M
Headquarters
Palo Alto, California
Founded
2008
There are no jobs for WePay right now.
Find jobs on Simplify and start your career today