WePay (YC S09) raises $15M and focuses on payments API for platform businesses

Bill Clerico, WePay Cofounder and CEO, on WePay in 2014: 

Today, we’re excited to share two major WePay milestones:

1. A $15 million Series C financing lead by Phil Purcell of Continental Investors, co-founder of the Discover Card and former CEO of Morgan Stanley.

2. Our API business has grown 600% over last year. As we double down on it, we will be discontinuing our direct-to-consumer business to allow us greater focus on our payments API for such platform businesses.