WePay's (YC S09) next chapter

pbreit wrote: post #3

“WePay and its employees will operate as Chase's payments innovation incubator in Silicon Valley" Uh, oh. Does such a thing ever work?

[deleted]

Re: WePay's (YC S09) next chapter

#5

Post by [deleted] » Wed, Oct 18, 2017, 2:48 AM UTC

pbreit wrote: post #3

“WePay and its employees will operate as Chase's payments innovation incubator in Silicon Valley" Uh, oh. Does such a thing ever work?

[deleted]

Re: WePay's (YC S09) next chapter

#6

Post by nedwin » Wed, Oct 18, 2017, 2:52 AM UTC

Pumped for these guys. I had a few different interactions with them in very small capacities over the years and they were always humble, genuine and supportive of the different projects/businesses.

Just nice, smart, unpretentious guys.

Congrats.

Re: WePay's (YC S09) next chapter

#7

Post by mandeepj » Wed, Oct 18, 2017, 2:53 AM UTC

"most respected financial institutions: JPMorgan Chase & Co"

You would say that now

Re: WePay's (YC S09) next chapter

#8

Post by kevmo » Wed, Oct 18, 2017, 2:55 AM UTC

pbreit wrote: post #3

“WePay and its employees will operate as Chase's payments innovation incubator in Silicon Valley" Uh, oh. Does such a thing ever work?

For a while. All the big companies have external innovation acquisition as a yearly budget item.

Re: WePay's (YC S09) next chapter

#9

Post by JoshTriplett » Wed, Oct 18, 2017, 2:55 AM UTC

Chase just finished switching their "Quick Pay" infrastructure over to "Zelle", and now they're buying WePay. I wonder what they intend to do with it?

Re: WePay's (YC S09) next chapter

#10

Post by willow9886 » Wed, Oct 18, 2017, 2:56 AM UTC

More consolidation in the age of corporate monopoly... I'm sure a nice exit for the founders and their investors.