WePay was founded by Bill Clerico, Richard Aberman in 2008.

Who are WePay's investors?

WePay's investors include 500 Global, August Capital, FTV Capital, Lobby Capital, Rakuten Capital, Ritual Capital, Spider Capital, Y Combinator and 5 more.

Where is WePay headquartered?

WePay is headquartered in San Francisco, US.

WePay

AcquiredYC S09YC Top Company

San Francisco, US · Founded 2008 · 400 employees · 13 known investors

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Acquired by JPMorgan Chase & Co. October 2017 · $300M (TechCrunch reported ~$300M (up to $400M with retention/earn-outs); JPMorgan did not officially disclose price) · source ↗

WePay provides payment processing infrastructure via API for software platforms, point-of-sale systems, and online marketplaces serving small and medium-sized businesses.

FintechUnited States of AmericaAmerica / Canada

Founders & leadership· Y Combinator alumni (S09)

WePay was founded in 2008 by Bill Clerico and Richard Aberman.

Bill Clerico FounderBill Clerico founded WePay, a payments platform, and previously served as its CEO. He currently leads Convective Capital, an investment firm focused on wildfire and climate change solutions.

Richard Aberman CPO2008–2021Investor at Open Core Ventures

Rich AbermanFounder

Bill Clerico CEOFounder & Managing Partner at Convective Capital

Jason Chen Software Engineer2010–2011Founder/CEO at Stypi

Charlie Pinto Sales Manager2010–2011Operating Partner at Bling Capital

Adam Sommer Software Engineer Intern2013–2013Founder at Kable

Vinodh Poyyapakkam Head of Risk \u0026 Compliance2016–2021Founder at Coris

Shyam Maddali Senior Director, Risk Engineering \u0026 Data Science2015–2022Founder at Coris

Investors · 13

500 Globallisted by 500 GlobalPalo Alto · $150K

How we know: open dataset · 500 Global portfolio 2026-08 · Y Combinator's founder network · Not right? Tell us

August Capitallisted by August CapitalSan Francisco Bay Area · $1M – $15M

How we know: August Capital's portfolio page · techcrunch.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

FTV Capitallisted by FTV CapitalNew York · $10M – $30M

How we know: FTV Capital's portfolio page · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

Lobby Capitallisted by Lobby CapitalPalo Alto

How we know: Lobby Capital's portfolio page · Not right? Tell us

Rakuten Capitallisted by Rakuten CapitalTokyo

How we know: Rakuten Capital's portfolio page · Not right? Tell us

Ritual Capitallisted by Ritual CapitalMenlo Park · $100K – $500Kvia Chris Howard · inferred

Spider Capitallisted by Spider CapitalSan Francisco · $500K

How we know: Spider Capital's portfolio page · Not right? Tell us

Y Combinatorlisted by Y CombinatorSan Francisco · $500K

How we know: the Y Combinator directory · open dataset · 5k.vc investor directory · Not right? Tell us

Caffeinated CapitalreportedSan Francisco · $3M – $50M

How we know: Y Combinator's founder network · Not right? Tell us

Highland Capital PartnersreportedCambridge · $1M – $10M

How we know: funding news · techcrunch.com · open dataset · 5k.vc investor directory · Y Combinator's founder network · Not right? Tell us

SciFi VCreportedSan Francisco · $100K – $1M

How we know: Y Combinator's founder network · Not right? Tell us

SV AngelreportedSan Francisco · $150K – $20M

How we know: Y Combinator's founder network · Not right? Tell us

Webb Investment NetworkreportedSan Francisco · $500K – $750K

How we know: Y Combinator's founder network · Not right? Tell us

Funding

SEC filings, press & company announcements

Undisclosed amountSeries BAug 2010
Highland Capital Partners (lead), August Capital
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

The YC application· Summer 2009 batch

▶ Demo Day video — watch on YC ↗

Founder mafia

The WePay mafia →

6 people who came through WePay went on to found or lead other companies.

Bill ClericoCEOFounded Seneca +1 Jason ChenSoftware EngineerFounded Verge Genomics +1 Charlie PintoSales ManagerFounded SlidePay Adam SommerSoftware Engineer InternFounded Kable Vinodh PoyyapakkamHead of Risk \u0026 ComplianceFounded Coris Shyam MaddaliSenior Director, Risk Engineering \u0026 Data ScienceFounded Coris

Related companies · 10

FinchFinch provides an API platform for applications to securely access employer and employee data with explicit consent, serving businesses that need workforce data integration. The company prioritizes enterprise-grade security, encryption, and compliance standards.

ChaseA wealth management and investing service (J.P. Morgan Wealth Management via Chase) offering self-directed brokerage accounts with commission-free online trades as well as one-on-one advisor services, financial planning tools, and retirement accounts. It serves individual retail investors ranging from beginners to experienced investors in the United States.

SlopeSlope provides a B2B payments platform that enables businesses to accept payments and offer financing, with a focus on digitizing the order-to-cash process for online commerce. The company uses generative AI to modernize traditionally manual B2B payment workflows.

Zendesk New YorkThis is Zendesk's internal belonging/diversity and inclusion program page, not a company profile page for an external company. It describes Zendesk's internal culture initiatives and leadership development programs.

PestoPesto Mastercard offers affordable credit for people with poor or limited credit history, positioning itself as an alternative to high-cost pawn loans. The product allows users to build credit history and improve credit scores through regular, on-time payments.

EmburseEmburse is a travel and expense management platform that helps organizations automate T&E processes, improve compliance, and gain spending visibility. The company serves enterprise teams managing corporate travel and expense administration.

SiftSift provides an AI-powered platform for fraud prevention and risk decisioning that helps digital businesses detect and manage online fraud. The platform serves companies across industries looking to reduce fraud losses while enabling secure growth.

JetloreJetlore was a Palo Alto AI startup that turned unstructured retail product data into structured attributes so merchants could personalise what each shopper saw. Founded by Stanford researchers, it raised from Sierra Ventures, Alsop Louie Partners, Fenox Venture Capital, BRM Capital and Mercury Fund, and PayPal acquired it in 2018.

IndustriesJ.P. Morgan is a global financial services firm serving corporations and individuals in more than 100 countries, offering investment research, tools, data, analytics, and advisory services. It supports institutional investors, asset and fund managers, hedge funds, broker dealers, and equity issuers with liquidity, fixed income strategies, and equity compensation solutions.

JP Morgan ChaseJP Morgan Chase is a major financial institution serving customers, clients, and communities globally with a focus on economic growth and community impact over its 225+ year history.

Companies working in the same space as WePay.

Legal entities · 1

corporate structure

WePay, Inc.

In the news

Chase closes WePay acquisition, a deal valued up to $400M • TechCrunchtechcrunch.com · Dec 2017

WePay Raises $7.5 Million For Hassle-Free Group Payments Platform | TechCrunchtechcrunch.com · Aug 2010

Frequently asked questions

What does WePay do?: WePay provides payment processing infrastructure via API for software platforms, point-of-sale systems, and online marketplaces serving small and medium-sized businesses.
Who founded WePay?: WePay was founded by Bill Clerico, Richard Aberman in 2008.
Who are WePay's investors?: WePay's investors include 500 Global, August Capital, FTV Capital, Lobby Capital, Rakuten Capital, Ritual Capital, Spider Capital, Y Combinator and 5 more.
Where is WePay headquartered?: WePay is headquartered in San Francisco, US.