TextPayMe
YC S05 · Acquired
Competitors
| Company | Category | Status | Program |
|---|---|---|---|
 MightyTextShared: text message, phone, receivingNot statedOther | Other | Not stated | 500 Global2011 |
 SpotPayShared: receiving money, related, paymentActiveOther | Other | Active | YCW26 |
 TremendousShared: send money, anyone, freeActiveOther | Other | Active | YCW11 |
 KolekShared: receiving moneyNot statedOther | Other | Not stated | Antler2022 |
 CharmShared: send money, sending, anyoneActiveOther | Other | Active | YCF24 |
Adjacent
| Company | Category | Status | Program |
|---|---|---|---|
 MogoTixShared: cell phone, text message, sendNot statedDevtools | Devtools | Not stated | 500 Global2010 |
 NeemaShared: send money, consumer financeInactiveOther | Other | Inactive | YCW17 |
 AsporaShared: money, lets, paymentActiveOther | Other | Active | YCW22 |
 JumpchatShared: text message, send, mobileInactiveOther | Other | Inactive | YCS06 |
 RemitbeeShared: send money, phone, mobileNot statedOther | Other | Not stated | 500 GlobalGA 14 |
Also from S05
All of S05| Company | Category | Status |
|---|---|---|
 InfogamiDataInactiveData | Data | Inactive |
 ParakeyDeveloper toolsAcquiredDevtools | Devtools | Acquired |
About TextPayMe
Founded in 2005, TextPayMe is an SMS payment service that lets you send money to other people using cell phone text messaging. TextPayMe lets you send money to anyone else in the US with an SMS-capable cell phone, and while phone carriers may charge for the actual text message sent/received, sending and receiving money is free while TextPayMe remains in Beta. In July 2006, the TextPayMe team started working for Amazon and, as of 2011, the site redirects to an Amazon's mobile payment website. There was no press release related to this event but it's assumed the company was acquired. Sending and receiving payments through TextPayMe is easy: simply write a text message to SMS@TextPayMe.com with "pay amount phonenumber" in the body (i.e. to send $5 to 123-456-7890, text "pay 5 1234567890"). The service is secure as well, as each payment needs to be confirmed by a user-created PIN. To fund your transactions, TextPayMe lets you add money directly from your bank account and now also lets you link your credit card as well. Currently, the maximum amount that can be sent or received per month is $500.
- YC batch
- S05 · Summer 2005
- Status, per YC
- Acquired
- Category
- Other
- Team size
- 11
- Location
- Seattle, WA, USA; Redmond, WA, USA
- Checked
- 32m ago
TextPayMe: questions
Which YC batch was TextPayMe in?
TextPayMe was in Y Combinator's Summer 2005 batch (S05).
Is TextPayMe still active?
Y Combinator lists TextPayMe as acquired.
Where is TextPayMe based?
TextPayMe lists Seattle, WA, USA; Redmond, WA, USA as its location on YC's directory.
Sources: each program's public company list, read twice a week. Not affiliated with Y Combinator or any other program. Logos via logo.dev; trademarks belong to their owners.