Monday, December 4, 2017

WePay Now Part Of Chase

Redwood City-based WePay, the provider of integrated payment software, is now officially part of Chase, the two said this morning, after the completion of the acquisition of WePay. The deal had originally been announced in October. Terms of the deal have not been announced, however, the deal is reportedly now worth north of $400M. WePay will continue to be led by CEO Bill Clerico. Chase said that it is planning a "massive expansion" at WePay in the Bay Area, particularly in the areas of engineering and product management.