If you've ever lived in a house with multiple roommates, then you know the pain of collecting for the various bills each month and keeping track of who paid what and when. Add to that the frustration of one person paying cash while another only has checks on hand, and you'll be ready to call it quits. That is, unless you've found WePay, the online payment service launching tomorrow custom made to handle situations like roommates, teams, organizations or any group where everyone pitches in.
The company has been in private beta for the past six months and says that its testers have been giving it rave reviews. If it does what it says it does, we wouldn't see why not.
So far, it has received funding from August Capital, Max Levchin (the founder of PayPal), Ron Conway (early investor in Google, Facebook and Twitter), Eric Dunn (former CTO and CFO of Intuit), and others...
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