Welcome!

News Feed Item

Fundable.com, Crowdfunding for Startups, Chooses WePay's Marketplace API to Power Payments

Joins Growing Number of Crowdfunding Partners Seeking a Powerful, Flexible Payments API

PALO ALTO, CA -- (Marketwire) -- 06/20/12 -- WePay, the easiest way to accept payments online, today announced a partnership with Fundable.com to power payments for the company's crowdfunding platform. The WePay API enables companies like Fundable to allow their users to start accepting payments instantly, without requiring users to have a pre-existing merchant account. The Marketplace API provides Fundable with a fully compliant payment solution, without compromising the platform's user experience.

Crowdfunding platforms raised $1.5 billion in 2011 and successfully funded more than one million campaigns. The recently passed JOBS Act (also known as the Crowdfunding Bill), which will allow startup companies to publicly raise money from non-traditional investors, has led to explosive growth in the crowdfunding space.

"As crowdfunding evolves into a legitimate source of funding for small businesses, the technologies used to facilitate transactions must keep the pace," said Bill Clerico, CEO of WePay. "WePay's payment API is uniquely designed to provide the ease-of-use, compliance, and flexibility to support the rapidly growing demand for crowdsourced payments."

"The Crowdfunding Bill signals a massive shift in access to capital by startup companies," said Wil Schroter, Fundable CEO and co-founder. "It is an incredible feeling to contribute and help make someone's startup dream a reality, and we wanted to make sure that the payment experience didn't get in the way of that. The WePay API allows us to focus on the user experience and remove as many obstacles as possible to maximize conversion."

Benefits of the WePay/Fundable Partnership:

  • Fundable creates WePay accounts for its entrepreneurs in real time, so they can start accepting payments on Fundable instantly
  • The API helps Fundable comply with card network, state, and federal regulations to avoid issues like payment aggregation and money transmission
  • Payments are made on Fundable's site without redirecting to WePay
  • The WePay API supports split payments (app fees), pre-approved payments, and subscription billing
  • WePay provides world-class customer support via live chat, email, and phone
  • Fundable's entrepreneurs do not have to deal with paperwork, applications, or frozen accounts

Fundable is one of many companies that have turned to WePay's API for a complete, easy to use, and compliant solution for accepting payments online. Other companies using the API include Rock the Post (www.rockthepost.com), GoFundMe (www.gofundme.com), and Bellstrike (www.bellstrike.com).

For more information on the WePay API please email [email protected] or visit https://www.wepay.com/payments-api.

About WePay
WePay is the easiest way to accept payments online. WePay offers a suite of tools that allow merchants and non-profits to start accepting payments online in less than two minutes. WePay was founded in 2008 and is headquartered in Palo Alto, CA. WePay has raised $20 million in venture financing from Ignition Partners, Highland Capital Partners, August Capital. For more information visit https://www.wepay.com or follow us on Twitter or Facebook.

About Fundable
Launched by a team of successful entrepreneurs experienced in connecting businesses with investors, Fundable (http://fundable.com) is a new platform that introduces crowdfunding for serious startups. The first company to launch to support the JOBS Act, Fundable's platform democratizes funding, providing two ways for companies to thank backers: rewards and company equity. With offices in Columbus, Ohio and Santa Monica, California, Fundable is backed by early-stage incubator Virtucon Ventures. Fundable's advisory board includes powerbrokers like 500 Startups founder Dave McClure, Startup Weekend CEO Marc Nager, and Second Market founding team executive Phil Reicherz, as well as other VC firms and entrepreneurs.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Press Contact
Pam Radgowksi
WePay
(415) 260 0658
Email Contact

Heather Whaling
Geben Communication for Fundable
614.364.2888
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
The Internet of Things can drive efficiency for airlines and airports. In their session at @ThingsExpo, Shyam Varan Nath, Principal Architect with GE, and Sudip Majumder, senior director of development at Oracle, will discuss the technical details of the connected airline baggage and related social media solutions. These IoT applications will enhance travelers' journey experience and drive efficiency for the airlines and the airports. The session will include a working demo and a technical d...
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera M...
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of (at least) three separate application components: the software embedded in the device, the back-end service, and the mobile application for the end user’s controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/target –...
Why do your mobile transformations need to happen today? Mobile is the strategy that enterprise transformation centers on to drive customer engagement. In his general session at @ThingsExpo, Roger Woods, Director, Mobile Product & Strategy – Adobe Marketing Cloud, covered key IoT and mobile trends that are forcing mobile transformation, key components of a solid mobile strategy and explored how brands are effectively driving mobile change throughout the enterprise.
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
All clouds are not equal. To succeed in a DevOps context, organizations should plan to develop/deploy apps across a choice of on-premise and public clouds simultaneously depending on the business needs. This is where the concept of the Lean Cloud comes in - resting on the idea that you often need to relocate your app modules over their life cycles for both innovation and operational efficiency in the cloud. In his session at @DevOpsSummit at19th Cloud Expo, Valentin (Val) Bercovici, CTO of So...
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management solutions, helping companies worldwide activate their data to drive more value and business insight and to transform moder...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Personalization has long been the holy grail of marketing. Simply stated, communicate the most relevant offer to the right person and you will increase sales. To achieve this, you must understand the individual. Consequently, digital marketers developed many ways to gather and leverage customer information to deliver targeted experiences. In his session at @ThingsExpo, Lou Casal, Founder and Principal Consultant at Practicala, discussed how the Internet of Things (IoT) has accelerated our abil...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Digital innovation is the next big wave of business transformation based on digital technologies of which IoT and Big Data are key components, For example: Business boundary innovation is a challenge to excavate third-party business value using IoT and BigData, like Nest Business structure innovation may propose re-building business structure from scratch, as Uber does in the taxicab industry The social model innovation is also a big challenge to the new social architecture with the design fr...
Whether they’re located in a public, private, or hybrid cloud environment, cloud technologies are constantly evolving. While the innovation is exciting, the end mission of delivering business value and rapidly producing incremental product features is paramount. In his session at @DevOpsSummit at 19th Cloud Expo, Kiran Chitturi, CTO Architect at Sungard AS, will discuss DevOps culture, its evolution of frameworks and technologies, and how it is achieving maturity. He will also cover various st...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, provided tips on how to be successful in large scale machine learning...