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United States
2011 (15 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Pay By Group
Company Information
Get to know Pay By Group
Founded in 2013 and an alumnus of the 500 Startups accelerator, the company initially launched as Pay By Group to solve the "social wallet" problem where one person often has to pay for a group and then collect money from friends. The company has since rebranded to WeGroup to better reflect its mission of facilitating group commerce. Its core service is a checkout platform that merchants can integrate into their websites, allowing a group leader to book a product or service (like a vacation rental or event tickets) and invite others to pay their individual shares directly to the merchant, streamlining the entire group payment process.
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