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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.

With the backing of Y Combinator, one of the most known incubator worldwide, and $15 million raised early this year, we certainly will hear about WePay in the next years !

(article from Forbes)