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TextPayMe logo — Effortless payments at your fingertips – send and receive mo...

TextPayMe

Effortless payments at your fingertips – send and receive money securely via text message, with no fees during Beta.

Founded 2005 Seed Messaging, Payments

General Information

Company Name TextPayMe
Founded Year 2005
Industries Messaging, Payments
Funding Stage Seed
Social

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About TextPayMe

TextPayMe is an SMS payment service founded in 2005, enabling users to effortlessly send and receive money securely via text message. During its Beta phase, there are no fees associated with using the service. In 2006, the TextPayMe team integrated with Amazon, eventually redirecting to Amazon's mobile payment website by 2011, suggesting a potential acquisition. The service allows users to transfer funds to anyone in the US with an SMS-capable cell phone, with Y Combinator being the Seed Round investor in December 2005. To utilize TextPayMe, users simply compose a text message with the payment amount and recipient's phone number and confirm the transaction with a user-created PIN. Transactions can be funded directly from a bank account or linked credit card, with a monthly transfer limit of $500. The company operates in the Messaging and Payments industries.

Taxonomy: mobile payments, SMS payments, payment service, Amazon acquisition, digital transactions, P2P payments, money transfer service, text messaging payments, online transactions, secure payment methods

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Seed Round •••••• 1
Investor
01 Dec 2005

TextPayMe Alternatives & Competitors

TextPayMe vs
Payway
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TextPayMe vs
Lydia
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TextPayMe vs
Momo
Momo

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FAQ About TextPayMe

Effortless payments at your fingertips – send and receive money securely via text message, with no fees during Beta.
TextPayMe was founded in 2005.
TextPayMe operates in the following industries: Messaging, Payments.
TextPayMe has completed 1 funding round. The latest funding stage is Seed.
Top alternatives and competitors to TextPayMe include Payway, Lydia, Momo, Africhange, Splash Mobile Money. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
TextPayMe and Payway are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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