This post is part of our live coverage of FinovateSpring 2014.
Our next presenter is the team from WePay, launching their Veda Risk Engine and Risk API for online marketplaces, crowdfunding websites, and small business software companies.
“Only WePay’s patent-pending risk engine technology, Veda, stitches together a variety of novel data sources to better understand a platform’s users. To fight fraud, Veda combines proprietary data from platforms, data from WePay’s own transactional graph, and social data from sources such as Facebook, Twitter, and Yelp.”
Presenting: John Canfield (VP RIsk) and April Rassa (Director of Product Marketing)
Product Launch: April 2014
Metrics: $35 million in venture funding; 55 employees; over 400,000 platform partners, more than $500 million in annual payment volume
Product distribution strategy: Direct to Business (B2B), through other fintech companies and platforms
HQ: Palo Alto, California
Founded: August 2009
Website: wepay.com
Twitter: @wepay