WePay, a Y Combinator
backed startup that aims to take the hassle out of group paying, has raised $7.5 million in Series B funding led by Highland Capital Partners with existing investor August Capital participating in the round. The startup previously raised funding last December from an all-star roster of angel investors including Max Levchin, Ron Conway, Dave McClure, and Steve Chen. As we wrote in our initial coverage of the payments platform, WePay is an easy way to collect, manage and spend money for groups. WePay’s platform based around a prepaid debit card system, which makes its accounts easy to set up as well as more flexible when it comes to setting up group paying.
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