WePay, FinTech for online platforms
WePay aims to dominate one very specific Fintech segment: online payments for platforms. The company’s first product was designed to make it easier for groups to pool money and make a single payment.
Today the company has put all its resources behind its payments API, which does something similar on a larger scale: it enables platforms, such as crowdfunding sites, to collect payments from a large number of customers. The company said that in 2013, revenue from the API (a bloc of code sold to developers of collaborative platforms) grew 600% and had been adopted by 300 websites.