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Huge funding $40M for WePay

Planning to push its platform globally, WePay, a payment processor startup raised 40 million dollars, in a funding procedure that was led from FTV Capital. It must be noted that WePay facilitates payments for marketplaces and crowdfunding sites, such as, Custom Made, GoFundMe etc.

At the same time it provides payment services for invoicing platforms like Freshbooks. As for the main differentiator fact from its competitors, WePay invests heavily in fraud prevention. In January 2014, when WePay was in-between changing its profile from operating a hosted checkout page to a full payment platform and API for online retailers, it raised $15 million.


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