WePay

WePay, based in Redwood City, California, operates within the fintech industry, focusing specifically on payment solutions. With a team of 400 employees, WePay offers a variety of products, including Clear, Link, and Core, designed to cater to SMB SaaS, POS platforms, and online marketplaces. The company was acquired by JPMorgan Chase in 2018 and has since integrated deeply with Chase’s infrastructure, providing tailored financial services that combine the scale of a bank with the efficiency of a SaaS provider.

WePay’s offerings include a multi-party payments API that allows for integration with just two API calls, supporting features such as card present solutions, faster payouts, and a partner center. Its products are designed to facilitate instant merchant onboarding with KYC process management, same-day deposits for merchants with a Chase bank account, and transparent pricing. The Link product enables businesses to refer merchants to Chase and monetize payments, focusing on maximizing adoption and growing revenue. On the other hand, Core is aimed at large payment facilitators, offering granular control over the user experience and transaction lifecycle, and providing economies of scale with aggressive pricing.

In addition to its primary services, WePay processes 31.8 billion transactions a year, handles 50% of U.S. online transactions, and moves over $100 million in value per second. It also offers robust reporting and a self-service dashboard for merchants, supports digital servicing, and features a Partner Center with advanced reporting, analytics, support, and customization options. Overall, WePay promotes innovation and agility through its best-in-class integrated payment solutions and aims to expand revenue opportunities for businesses by effectively monetizing payments.