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.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial Payment

Contact

Social

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Pay By Group

United States

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.