Payments

The WCAS Perspective on Payments

The payments industry generates over $2 trillion of annual revenue and continues to grow in excess of GDP driven by electronic payments and e-commerce adoption.¹

89%

of executives believe in the continued shift towards e-commerce.²

81%

of businesses pay via paper check today.^3,4

$40B

predicted in credit card fraud over the next decade.^5,6

WCAS is investing in building a payment ecosystem that delivers better end-user experiences in an automated, integrated and secure fashion. Despite the long history of the adoption of cashless payment, many forms of payments acceptance remain opaque, slow-moving and poorly connected with the broader technology ecosystem.

Payments trends we're excited to invest behind

An increase in integrated payment solutions with industry-specific workflows

Expanding payment acceptance options for consumers to elevate omni-channel experience and mitigate risk

Increasing automation of highly manual and error prone workflows

We look forward to partnering with leading enterprises and entrepreneurs who share our mission of improving the user experience, increasing transparency and lowering the total cost of acceptance across the payments ecosystem for all constituents.

Recent Relevant Experience

See the Sector Team

Ryan Harper

General Partner | Healthcare

Mr. Harper is a General Partner in the Technology Group, having originally joined WCAS in 2010.

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Email:person@wcas.com

Sidney Ouyang

General Partner | Technology

Sidney Ouyang is a General Partner at WCAS and focuses on investments in the financial technology and payments sectors. Sidney joined WCAS in 2015 and is based in New York.

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Matt Loomes

Vice President | Technology

Matt is a Vice President at WCAS and joined the firm’s San Francisco office in 2019. Matt spends most of his time evaluating investments in the Data & Info Services and EdTech sectors.

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Houston Cowan

Associate | Technology

Prior to joining WCAS, Houston worked in Technology, Media and Telecommunications M&A at LionTree Advisors. While at LionTree, Houston worked on both public and private transactions, ranging from working with founder-owned businesses to MGM’s sale to Amazon.

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Kelly Yu

Associate | Technology

Kelly Yu is an Associate in the Technology Group, having joined WCAS in 2024.

Sources: [1] PYMNTS [2] PWC [3] PYMNTS [4] Manhattan Venture Partners [5] Chargebacks911 [6] Nilson Report

Meet Our Technology Team

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