The Growth Of WePay Under The Leadership Of Bill Clerico

Bill Clerico is the CEO and Founder of WePay, a web platform that aims to make accepting online payments easier and more economical for businesses and non-profit groups. Chase Merchant Services’ integrated payments arm, WePay, is the technical platform for a complete relaunch of SMB payment products.

Bill worked in technology investment banking at Jefferies & Company before joining WePay, where he advised enterprise software, digital media, and financial technology firms on mergers and acquisitions and capital market transactions. He formerly worked for the US Army’s Communications Engineering Research Command and Goldman Sachs in electronic trading.

He intended to create a website that would make it as simple as possible for people to begin receiving payments online. So, in 2018, he established WePay, which now assists thousands of small business owners in accepting credit cards over the internet.

Clerico was accepted into the Y Combinator accelerator programme in California, prompting him to relocate the company to Silicon Valley. Platform businesses such as crowdfunding sites, marketplaces, and small business software companies can use its APIs to get an integrated and customizable payment solution. It also protects partners from fraud and risk.

Through its own risk prevention system and a number of third-party providers, WePay provides fraud and risk protection as a service. The company uses a variety of data sources to detect fraud, including social data links and machine learning techniques.

WePay was named one of the top 500 fastest growing privately held firms by the Silicon Valley Business Journal in 2016, with a growth rate of over 1500 percent year over year.

Bill considers success to be developing a long-term firm that gives real value to people at a reasonable price. Bill wants his company and his product to make a significant difference in the lives of those who utilise it. He also wants to create a company that people desire to work for.