1177:
267:
the company's services each week. In
October 2011, the number of WePay employees increased by 20%. After its Series D round in 2015, the company said that it had over 100 employees, and had plans to grow to 200 in the next 18 months. WePay now has over 180 employees located in California, Rhode Island, and the UK. WePay has also been recognized by multiple sources like PR Newswire as one of the best companies to work for in the Bay Area.
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34:
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The founders of WePay made an unexpected appearance at PayPal's 2010 developer conference in San
Francisco, California. The stunt involved dropping a 600-pound block of ice filled with hundreds of dollar bills. The statement was that PayPal freezes your money and that better payment processors exist.
266:
shared that WePay is among its top 500 fastest growing privately held startups with over 1500% growth from the prior year. In
September 2011, the company employed 30 people. Cofounder Clerico stated in an interview with Forbes contributor Elizabeth Woyke that billions of dollars are channeled through
172:
at a club, rent at a
Florida beach house, and food. Through a series of cash, checks, and PayPal money transfers, Aberman was eventually able to collect the money he needed. Aberman found the process very burdensome and believed that there should be an easier way to collect money from people. After
250:
WePay offers fraud and risk protection as a service through its proprietary risk prevention system and through several third party vendors. The company detects fraud by using a number of data sources, including social data connections as well as machine learning algorithms. According to
Aberman, "
315:"while simultaneously bypassing the largest financial institutions". By October 27, 2011, over 8,000 donors from 37 countries had donated $ 325,000 to the movement. The donations are funneled through 300 Occupy-affiliated accounts, which are linked on Occupy Wall Street's website,
520:
246:
WePay is a privately held company that offers payment capabilities to business platforms, making money through charging service fees when processing funds. WePay enables payments to platforms through its APIs.
964:
234:. According to Former CEO Bill Clerico, the purpose of this round was to accelerate WePay's efforts to expand its efforts to support payments in more countries internationally. In October 2017,
802:
2306:
822:
230:. In 2014, WePay discontinued its donation service to focus on its other products. In 2015, WePay raised a $ 40 million round from FTV Capital and the Japanese e-commerce company
2301:
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745:
626:
456:
1017:
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In early 2015, WePay opened its services to businesses in Canada. In 2016, the payment facilitator also announced opening operations for businesses in the United
Kingdom.
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WePay has supported fundraising efforts for hundreds of disaster relief campaigns and humanitarian causes through crowdfunding sites. Some of these campaigns relate to
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862:
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https://www.webcitation.org/63Og4ISrk?url=http://www.forbes.com/sites/elizabethwoyke/2011/09/30/for-effective-fundraising-choose-facebook-over-twitter/
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1107:
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224:, as well as entrepreneur Dave McClure. In May 2011, founders Bill Clerico and Rich Aberman were named two of the Best Young Tech Entrepreneurs by
212:
and August
Capital. By December 2010, WePay had raised $ 9 million in funding. Other investors include Orlando Ramos, founder of Cyberpower Depot,
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803:"28 of the 500 fastest growing private businesses in the U.S. are from Bay Area - Silicon Valley Business Journal"
414:
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164:. The original inspiration for WePay occurred to Aberman when he had difficulty raising money for his brother's
2247:
1827:
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sites, marketplaces and small business software companies. It also offers partners fraud and risk protection.
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supporters to donate money to the movement, which resulted in a surge of transactions. Dominic
Basulto of
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based in the United States. It provides an integrated and customizable payment solution, through its
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2012:
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during initial fundraising efforts; by August 2010, it received an additional $ 7.5 million from
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As of 2015, WePay was used by over 1,000 businesses and nonprofits. The company has worked with
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and many more. However, WePay declined to process payments for over $ 24,000 in donations to
2052:
1930:
1399:
1323:
1308:
1303:
1243:
1145:
168:. Aberman had to collect $ 4,200 from 14 friends spread across the United States to pay for
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2007:
1957:
1641:
1621:
1616:
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177:'s weaknesses, Aberman asked Clerico to help him to solve this problem and create WePay.
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announced that it would acquire WePay for a reported valuation of over $ 220 million.
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33:
19:
This article is about an
American payment system. For the Chinese payment app, see
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2022:
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1373:
1368:
1222:
1200:
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280:
189:
746:"Can Your Social Network Protect You From Credit Card Fraud? | Inc. Technology"
2017:
1952:
1866:
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1851:
1455:
1363:
1293:
1135:
905:"WePay Drops 600 Pounds of Ice in Front of PayPal Conference, Hilarity Ensues"
600:
197:
54:
44:
20:
370:
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in
California, which prompted Aberman and Clerico to move the company to the
2232:
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650:
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2069:
2059:
2027:
1982:
1967:
1913:
1908:
1898:
596:"WePay's Group Payments Get Some Big-Name Backers, Including Max Levchin"
515:
320:
307:
2222:
2156:
2101:
2064:
692:
570:
316:
231:
217:
400:"About WePay, a Chase company | Payment Processing for Platforms"
2141:
2131:
2084:
2042:
2032:
1977:
1972:
1947:
546:
221:
193:
174:
666:"WePay raises $ 40M to take its marketplace payment platform global"
399:
2242:
2121:
2091:
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2002:
1997:
1987:
1962:
1893:
1841:
863:"WePay chosen as one of the Best Places to Work in Silicon Valley"
1085:
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your online identity to verify your identity in the real world."
2217:
2171:
2116:
2111:
2096:
1992:
1925:
1888:
927:
1800:
1089:
790:"WePay Crosses Atlantic with Integrated Payments for the U.K."
542:"WePay: The Online Payment Start-Up Behind Occupy Wall Street"
156:
WePay was founded by Rich Aberman and Bill Clerico in 2008 in
141:
849:"WePay Closes $ 40 Million Series D Round Led by FTV Capital"
415:"WePay Closes $ 40 Million Series D Round Led by FTV Capital"
732:"Automating machine learning for platform fraud detection"
877:"WePay raises $ 40M to expand payments services globally"
188:. On the West Coast, they received monetary support from
891:"WePay now accepts Apple Pay and Android Pay on the web"
283:
to enable customers to transact those forms of payment.
1078:
364:
362:
986:"Website: More than 8,000 donors for Occupy Wall St"
2205:
1834:
1609:
1408:
1344:
1231:
1193:
1184:
1123:
708:"JPMorgan Chase to acquire payments platform WePay"
123:
111:
101:
81:
71:
60:
50:
40:
818:
816:
768:"JetPay Helps WePay Launch in Canada | PYMNTS.com"
691:"JPMorgan to buy online payment provider WePay".
311:official way" to give financial donations to the
2307:Financial services companies established in 2008
1050:"WePay Wipes Out Marijuana Wildfire Relief Fund"
563:""Group" paying service WePay gets $ 7.5M boost"
923:"At WePay, planning a 'balls to the wall' 2012"
835:"At WePay, planning a 'balls to the wall' 2012"
394:
392:
1812:
1101:
8:
26:
2302:Companies based in Redwood City, California
955:"The real Wall Street occupation is online"
204:. The company received $ 1.65 million from
2271:
1819:
1805:
1797:
1717:Indiana Michigan Power Center (Fort Wayne)
1190:
1108:
1094:
1086:
348:October 2017 Northern California wildfires
32:
25:
475:
473:
440:
438:
436:
2312:Internet properties established in 2008
1722:JPMorgan Chase Building (San Francisco)
358:
295:In 2011, the company was used by many
1546:National Bank of Commerce in New York
336:Sandy Hook Elementary School shooting
180:Aberman and Clerico were accepted by
7:
2337:2008 establishments in Massachusetts
1767:
1637:270 Park Avenue (2021–present)
1431:Banca Commerciale Italiana Trust Co.
1536:Mechanics and Metals National Bank
447:"Born in Boston, growing in Calif"
14:
1682:Chase Tower (Englewood, Colorado)
1632:270 Park Avenue (1960–2021)
220:, and Eric Dunn, a former CTO of
144:, to platform businesses such as
2270:
2261:
2260:
1778:
1766:
1755:
1754:
1491:Fourth National Bank of New York
1175:
651:"Accept Payments Online - WePay"
480:Alsever, Jennifer (2010-10-12).
1596:Valley National Bank of Arizona
1018:"'1%' proving protesters right"
1016:Boyle, Christina (2011-10-29).
967:from the original on 2011-11-18
953:Basulto, Dominic (2011-11-02).
935:from the original on 2012-02-23
627:"Best Young Tech Entrepreneurs"
608:from the original on 2011-11-12
577:from the original on 2016-03-03
523:from the original on 2024-05-25
492:from the original on 2010-12-22
459:from the original on 2012-11-02
264:Silicon Valley Business Journal
16:Online payment service provider
1727:JPMorgan Chase Tower (Houston)
561:Barbierri, Cody (2010-08-12).
511:"WePay set out to kill PayPal"
160:, and is now headquartered in
1:
1476:Dime Savings Bank of New York
1157:Highbridge Capital Management
445:Kirsner, Scott (2010-12-20).
1466:Continental Bank & Trust
994:. 2011-11-01. Archived from
664:Reader, Ruth (20 May 2015).
635:. 2011-05-17. Archived from
1697:Chase Tower (Oklahoma City)
413:Penn, David (21 May 2015).
2353:
1687:Chase Tower (Indianapolis)
1150:Chase Card Services Canada
1048:Kukura, Joe (2017-10-17),
482:"WePay is the anti-PayPal"
340:Orlando nightclub shooting
18:
2322:Payment service providers
2317:Electronic funds transfer
2256:
1828:Payment service providers
1750:
1737:One Chase Manhattan Plaza
1423:American Savings and Loan
1173:
210:Highland Capital Partners
31:
1591:Trust Company of America
1541:National Bank of Detroit
162:Redwood City, California
138:payment service provider
76:Redwood City, California
1707:Chase Tower (Rochester)
1692:Chase Tower (Milwaukee)
1571:Robert Fleming & Co
1269:William B. Harrison Jr.
991:The Wall Street Journal
2327:Y Combinator companies
1662:Chase Tower (Amarillo)
1556:New York Trust Company
632:Bloomberg Businessweek
344:legal cannabis growers
227:Bloomberg Businessweek
2137:Sarvatra Technologies
1702:Chase Tower (Phoenix)
1677:Chase Tower (El Paso)
1667:Chase Tower (Chicago)
1586:The Manhattan Company
1576:State Bank of Chicago
1531:Manufacturers Hanover
1506:HF Ahmanson & Co.
1501:Hambrecht & Quist
1284:Douglas A. Warner III
1249:Junius Spencer Morgan
371:"Hello Redwood City!"
158:Boston, Massachusetts
66:Boston, Massachusetts
2332:Financial technology
1847:Airtel Payments Bank
1672:Chase Tower (Dallas)
1456:Chase Manhattan Bank
1441:Bank United of Texas
1259:Henry Sturgis Morgan
1239:John Pierpont Morgan
1207:Mary Callahan Erdoes
1153:EMC Mortgage Company
332:Earthquakes in Nepal
1581:Texas Commerce Bank
1427:Anchor Savings Bank
1314:Dennis Weatherstone
1167:One Equity Partners
1023:New York Daily News
960:The Washington Post
706:Condon, Stephanie.
302:The Washington Post
103:Number of employees
28:
1742:The Qube (Detroit)
1647:383 Madison Avenue
1551:National Park Bank
1521:JP Morgan & Co
1496:Great Western Bank
1471:Corn Exchange Bank
1395:Phebe N. Novakovic
1162:JP Morgan & Co
750:technology.inc.com
305:called WePay the "
297:Occupy Wall Street
2284:
2283:
1794:
1793:
1601:Washington Mutual
1418:American Fletcher
1340:
1339:
1279:Walter V. Shipley
1264:David Rockefeller
216:, a cofounder of
192:, a cofounder of
131:
130:
93:Richard Aberman (
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1931:Chase Paymentech
1821:
1814:
1807:
1798:
1782:
1770:
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1511:Indiana National
1400:Virginia Rometty
1324:Winthrop Aldrich
1309:Thomas W. Lamont
1304:James B. Lee Jr.
1244:J. P. Morgan Jr.
1191:
1179:
1146:Chase Paymentech
1110:
1103:
1096:
1087:
1082:
1081:
1079:Official website
1065:
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1045:
1039:
1038:
1036:
1035:
1026:. Archived from
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919:Terdiman, Daniel
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805:. Archived from
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774:. Archived from
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752:. Archived from
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2201:
2127:Red Dot Payment
2008:Oxigen Services
1958:Global Payments
1830:
1825:
1795:
1790:
1746:
1642:277 Park Avenue
1622:245 Park Avenue
1617:125 London Wall
1605:
1526:Lincoln Savings
1516:Jardine Fleming
1410:
1404:
1347:
1336:
1227:
1214:Gordon A. Smith
1211:Daniel E. Pinto
1186:
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1114:
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734:. 23 July 2015.
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328:Hurricane Sandy
313:Occupy movement
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24:
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2297:JPMorgan Chase
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2187:Worldpay, Inc.
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1387:Mellody Hobson
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1319:John J. McCloy
1316:
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1299:Blythe Masters
1296:
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1289:Temple Bowdoin
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1254:George Peabody
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1117:JPMorgan Chase
1115:
1113:
1112:
1105:
1098:
1090:
1084:
1083:
1072:
1071:External links
1069:
1067:
1066:
1040:
1008:
977:
945:
921:(2011-11-14).
910:
896:
882:
879:. 20 May 2015.
868:
854:
851:. 21 May 2015.
840:
826:
812:
809:on 2016-08-19.
794:
781:
778:on 2017-08-31.
772:www.pymnts.com
759:
756:on 2011-06-07.
737:
723:
698:
683:
656:
642:
639:on 2011-11-24.
618:
587:
553:
533:
519:. 2010-10-16.
502:
469:
432:
405:
388:
357:
355:
352:
288:
285:
272:
269:
256:
253:
243:
240:
236:JPMorgan Chase
206:August Capital
202:angel investor
186:Silicon Valley
170:bottle service
166:bachelor party
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1712:Chater House
1652:Chase Center
1446:Bear Stearns
1391:Michael Neal
1332:Steven Black
1059:, retrieved
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514:
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494:. Retrieved
486:CNNMoney.com
461:. Retrieved
452:Boston Globe
450:
423:. Retrieved
418:
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379:. Retrieved
374:
325:
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300:
294:
290:
274:
271:Partnerships
261:
258:
249:
245:
225:
182:Y Combinator
179:
155:
146:crowdfunding
133:
132:
127:go.wepay.com
72:Headquarters
41:Company type
2080:paysafecard
2023:Paymentwall
1785:Wikiversity
1657:Chase Field
1561:Ord Minnett
1409:Historical
1374:Jamie Dimon
1369:James Crown
1359:Steve Burke
1223:Jing Ulrich
1201:Jamie Dimon
1131:Beacon Rail
670:VentureBeat
567:VentureBeat
281:Android Pay
190:Max Levchin
27:WePay, Inc.
2291:Categories
1953:Freecharge
1852:Amazon Pay
1411:components
1364:Todd Combs
1294:Jes Staley
1187:executives
1136:Chase Bank
1061:2017-10-18
1034:2011-11-22
1002:2011-11-22
971:2011-11-22
939:2011-11-22
717:2017-10-18
612:2009-11-23
601:TechCrunch
581:2011-01-09
527:2011-01-09
496:2011-01-09
463:2011-01-09
421:. Finovate
375:WePay Blog
354:References
323:accounts.
214:Steve Chen
198:Ron Conway
89:Former CEO
83:Key people
55:Technology
45:Subsidiary
21:WeChat Pay
2233:PayDirect
2213:Billpoint
2075:Openbucks
2038:Braintree
1857:Ant Group
1610:Buildings
1566:Providian
1486:First USA
1348:directors
1346:Board of
1124:Divisions
1055:SF Weekly
287:Movements
277:Apple Pay
173:studying
2266:Category
2228:Wirecard
2192:YooMoney
2177:WebMoney
2167:VersaPay
2162:Verifone
2152:Tata Neu
2070:Neteller
2060:PayPoint
2028:Payoneer
2013:Passport
1983:MobiKwik
1968:Ingenico
1914:Cash App
1909:Afterpay
1899:BillDesk
1761:Category
1436:Bank One
1185:Notable
1141:Chase UK
965:Archived
933:Archived
676:6 August
606:Archived
575:Archived
521:Archived
516:OneIndia
490:Archived
457:Archived
425:6 August
381:6 August
321:Facebook
308:de facto
242:Services
64:2008 in
51:Industry
2223:Clinkle
2206:Defunct
2157:Tencent
2102:PhonePe
2065:Paysafe
1773:Commons
1194:current
693:Reuters
571:Reuters
377:. WePay
317:Twitter
232:Rakuten
218:YouTube
152:History
124:Website
107:250–300
61:Founded
2147:Stripe
2142:Shift4
2132:Remita
2085:Skrill
2043:Zettle
2033:PayPal
1978:Mi-Pay
1973:Klarna
1948:Dwolla
1919:Square
1877:Wallet
1835:Active
1232:former
547:Forbes
338:, the
334:, the
319:, and
255:Growth
222:Intuit
196:, and
194:PayPal
175:PayPal
113:Parent
2243:Ukash
2122:Quahl
2092:Paytm
2048:Venmo
2003:Opayo
1998:Nuvei
1988:Nagad
1963:Gopay
1936:WePay
1904:Block
1894:bKash
1862:Apple
1842:Adyen
1203:(CEO)
712:ZDNet
200:, an
134:WePay
2276:List
2248:Zong
2218:C2it
2197:Zeta
2172:Veem
2117:QRIS
2112:Qiwi
2097:PayU
2053:Xoom
2018:Paya
1993:Nexi
1926:BPAY
1889:BHIM
1884:Atom
1867:Card
928:CNET
678:2015
427:2015
383:2015
279:and
142:APIs
2238:Tez
1943:CNG
1872:Pay
95:CSO
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