How we started
WePay started with a simple idea: an app that made it easy for friends to pool money for shared expenses like ski trips and club activities.
Yet that simple idea wasn’t so simple to execute. It was 2008, and no payments system could easily and safely pool money from groups of people to pay out to others.
So we built one. The team spent nearly two years negotiating contracts, dealing with regulators, and wrestling with bank integrations. We developed easy sign-up and frictionless checkout experiences. We also built one of the most advanced fraud detections systems around so we wouldn’t lose our shirts.
And it worked. WePay started to get traction. There was just one problem.
What we learned.
Group payments was a tough market. There just wasn’t enough repeat business in those ski trips and club activities. Low margins on low-value transactions didn’t help either.
Recognizing the need for a larger addressable market, we built a bunch of additional apps — from e-commerce shopping carts to crowdfunding sites to invoicing systems — on top of our payments system.
We grew a lot more. It was great, but it wasn’t enough. We were trying to be generalists, which meant our apps just weren’t as good as the ones focused on a single market with specific needs. But the payments engine we’d built? That worked great. In fact, it seemed to solve a lot of the problems we saw our competitors struggling with.
That’s when we realized we weren’t selling our greatest asset.
Once we stopped building platforms and started serving them, our business really started to move. We’re now one of the fastest growing companies in America, and we power payments for some of the most successful business tools, marketplaces and crowdfunding sites around.
What we learned is that focus matters. Just doing a bunch of things adequately isn’t enough. Doing something well doesn’t count if it’s the wrong thing. But when you know who you are and what you do best, that’s when you can build something magical.
So here’s who we are: we’re WePay. We do payments for platforms, that’s all we do and we do it better than anyone else.
We see a lot more growth ahead. And we look forward to serving you — as a platform, a merchant on a platform, or an end user — along the way.
WePay Values - How We Win
We understand our customers and embrace their needs. We identify ways to help customers. We measure our success by our customers’ success.
“We” make it WePay – take out the “We” and it would just be another payments company. We get to know people & organizations, their aims & aspirations, and their challenges.
We own the quality of our work. We deliver & demand excellence every day, as individuals and teams.
We believe status quo isn’t good enough. We are not afraid to rethink how something should be done to make it better. We encourage well-considered risk-taking. We manage change skillfully.
We are honest and transparent. We do what we say we’ll do. We communicate with respect. We act with integrity. We give and receive constructive feedback regularly.
We drive forward. We execute with urgency. We don't do tomorrow what we can do today. We push limits.
WePay is an exceptional partner to YouCaring. It is optimized for platforms like ours, understands our business, and provides top-notch customer support. We have worked with a few different payment providers, and found fundraisers using WePay earn more than other providers largely because of its seamless user experience, simpler payment submission form and fewer failed transactions.
Bill ClericoCo-founder and CEO
Bill was a technology investment banker at Jefferies, and studied Computer Science at Boston College. He is also an angel investor and part-time partner at Y Combinator, and loves helping other entrepreneurs.
Rich AbermanCo-founder & Chief Strategy Officer
Rich was a law student at NYU. At Boston College, Rich studied Philosophy, Economics and Political Science.
Mark ResnickChief Financial Officer
Mark arrived at WePay in 2017 after serving as CFO and COO of Vindicia. He previously held
C-level roles at Transera and Coremetrics.
Tina HsiaoVP, Operations and Chief of Staff
Tina spent 10 years at Intuit running marketing and support teams. She has a degree from Columbia and an MBA from Harvard.
Chris ConradVP, Engineering
Chris spent 7 years at Linkedin as Director of Engineering running the Social Graph Database and Homepage teams.
John CanfieldVP, Risk Management
John spent 8 years at eBay as Senior Director of Fraud and Risk Management. He has degrees in engineering from MIT and an MBA from Stanford.
Susan DunnGeneral Counsel
Susan was the GC for PayCycle, Bill.com and ODesk, has been a partner at Fenwick, and also clerked for the U.S. Supreme Court. She holds degrees from Harvard and Stanford.
Kathy RyanVP, Human Resources
Kathy has more than 25 years of experience as an HR leader at global technology firms including Google, McAfee, Sony, and Sun Microsystems.
Enough about us, let’s talk about you You need a payments partner that gets you. We know our payments solution can meet your needs, because we built it to meet ours. Ready to see how partnering with WePay can make the difference?