14 Facts About WePay

WePay is an online payment service provider based in the United States.

WePay was founded by Rich Aberman and Bill Clerico in 2008 in Boston, Massachusetts, and is headquartered in Redwood City, California.

The original inspiration for WePay occurred to Aberman when he had difficulty raising money for his brother's bachelor party.

WePay then realized that the highest growth part of their business and the one where they had a unique value proposition was through its APIs, which they had opened up in 2011.

In 2014, WePay discontinued its donation service to focus on its other products.

Related searches

In 2015, WePay raised a $40 million round from FTV Capital and the Japanese e-commerce company Rakuten.

WePay is a privately held company that offers payment capabilities to business platforms, making money through charging service fees when processing funds.

WePay offers fraud and risk protection as a service through its proprietary risk prevention system and through several third party vendors.

WePay detects fraud by using a number of data sources, including social data connections as well as machine learning algorithms.

WePay now has over 180 employees located in California, Rhode Island, and the UK.

WePay has been recognized by multiple sources like PR Newswire as one of the best companies to work for in the Bay Area.

WePay has worked with Apple Pay and Android Pay to enable customers to transact those forms of payment.

Founders of WePay made an unexpected appearance at PayPal's 2010 developer conference in San Francisco, California.

WePay has supported fundraising efforts for hundreds of disaster relief campaigns and humanitarian causes through crowdfunding sites.