When Occupy Wall Street decided to accept donations, the eclectic group of protestors turned to crowdfunding service WePay, which helped Occupy raise over $1 million with its donation tool across hundreds of campaigns.
But WePay isn’t interested in individual campaigns anymore.
Basic tools represent WePay’s legacy business, CEO Bill Clerico told VentureBeat. WePay’s primary focus now is providing services to other crowdfunding sites through its API.
It’s a narrower scope than e-commerce, but one that has paid off for the payments startup, which is processing an average 648 percent more crowdfunding volume every month than in 2012 — or up to $1.5 million daily.
“I don’t think the market realizes how big we are from a volume perspective,” WePay CEO Bill Clerico told VentureBeat. “A lot of people are paying attention to Braintree and Stripe, but I think we’re in the same league from a size perspective.”