WePay, a Palo Alto, CA-based provider of solutions to accept payments online, has closed a $10m financing.
The round was led by Ignition Partners, with participation from existing investors Highland Capital Partners and August Capital.
This investment brings the total amount raised by the company to date to $20m.
The company intends to use the capital to scale its technology and workforce, which currently counts 40 employees.
Founded in 2008 by CEO Bill Clerico and launched in 2010 as a group payments system for friends and family, WePay has evolved to offer a full suite of tools designed to help merchants collect money quickly and easily.
In conjunction with the funding, Ignition’s Chris Howard will join WePay’s board of directors.