WePay offers a cloud-based payments solution that lets online platforms and marketplaces such as Care.com, Constant Contact, FreshBooks, GoFundMe and Meetup embed and manage payments for their end users. The service handles onboarding, risk, compliance and settlement, allowing partner platforms to integrate payments without building their own infrastructure. Operating from Palo Alto, the company positions itself as a white-label alternative to traditional payment processors. WePay’s business model centers on charging a fee per transaction processed through its platform. To date, the company has secured $75 million in venture funding, underscoring investor confidence in its growth prospects. With the latest capital infusion, management plans to expand internationally, aiming to extend its payments capabilities to platform customers in new geographies. Bill Clerico serves as CEO and continues to guide the company’s product and go-to-market strategy.

Total raised

$74M

Funding rounds

5

Latest round

Series D

Latest activity

May 2015