About TextPayMe
TextPayMe is a company based in San Francisco (United States) founded in 2005 was acquired by Amazon in October 2006. TextPayMe has raised $125 thousand across 1 funding round from investors including Amazon and Y Combinator. TextPayMe offers products and services including Amazon Pay Checkout, Express Payout, and Buy with Prime. TextPayMe operates in a competitive market with competitors including Hubla, Quikwallet, Minnect, Netzme and Vama, among others.
Products & Services of TextPayMe
TextPayMe offers a comprehensive portfolio of products and services, including Amazon Pay Checkout, Express Payout, and Buy with Prime.
Facilitates secure online payments using Amazon accounts for merchants.
Enables rapid fund transfers to business accounts including weekends.
Offers fast, free delivery options integrated with payments.
Funding Insights of TextPayMe
TextPayMe has successfully raised a total of $125K through 1 strategic funding round. The most recent funding activity was a Seed round of $125 thousand completed in June 2005. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $125,000
- Total Rounds 1
- Last Round Seed — $125,000
- First Round $125,000
(Jun 2005)
- Investors Count 1
All 1 funding rounds of TextPayMe with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2005 | $125,000 | Seed | – | Y Combinator | – |
2 investors in total: 2 institutional.
Investors in TextPayMe
TextPayMe has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Amazon and Y Combinator.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early-stage startups are accelerated via funding and educational programs. | – | ycombinator.com | Mountain View, United States | |
Multi-category products are offered through an online marketplace. | 1994 | amazon.com | Seattle, United States |
Investor details for TextPayMe
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of TextPayMe
3 dated milestones of TextPayMe across 1 years, from founding to its latest funding, stage changes and deals.
- Founded TextPayMe is founded.
- Funding First funding round of $125K.
- Exit Acquired by Amazon.
Competitors of TextPayMe
TextPayMe operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Hubla, Quikwallet, Minnect, Netzme and Vama, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| hub.la | 2020 | Sao Paulo, Brazil | $12.83M | – | Money-earning features are offered via a digital application. | |
| quikwallet.com | 2012 | Mumbai, India | $2.59M | 70 | Mobile wallet app is utilized for restaurant payments and discoveries. | |
| minnect.com | 2019 | Panama, United States | – | – | Provides a chatbot-enabled platform for mentor payments and consultations. | |
| netzme.id | 2014 | Jakarta, Indonesia | – | – | Provides API, apps, and digital payment services for business transactions. | |
| vama.com | 1999 | Santa Monica, United States | $5.16M | – | Conversational payment platform for individuals | |
| blytzpay.com | 2017 | Lehi, United States | – | – | Automated payment solutions are provided for automotive and finance sectors. |
Detailed competitors of TextPayMe
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Similar companies to TextPayMe
10 companies that operate in the same segment as TextPayMe (Payments & Remittance Platforms), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 4.14 B | – | – | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | – | – | |
Payment processing and card issuance solutions are provided for businesses. | 2009 | San Francisco, California, United States | USD 9.81 B | – | – | |
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 2,360 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 742 M | USD 302.19 M | 2,641 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 3.21 B | – | – | |
Payment acceptance and processing solutions provider for businesses | 2018 | Gurugram, Haryana, India | USD 604.02 M | USD 179.52 M | 709 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Online payment processing and credit solutions are provided for businesses. | 2002 | Amsterdam, Netherlands | USD 35.15 M | USD 5.47 B | 1,200 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 |
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Frequently Asked Questions about TextPayMe
TextPayMe was founded in 2005.
TextPayMe is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
TextPayMe is a funded company, having raised a total of $125K across 1 funding round to date. The company's 1st funding round was a Seed of $125K, raised on Jun 2005.
TextPayMe was established in 2005 in San Francisco, United States, within the fintech sector. Online payment processing is handled for small, medium, and large enterprises. Payment solutions are offered, encompassing buy now, pay later arrangements, alternative methods, and accelerated payouts. Integrations with e-commerce platforms are supported, alongside developer tools like APIs and SDKs. Assistance is delivered through documentation and direct channels.
TextPayMe's top competitors include Quikwallet, BlytzPay and Vama.
TextPayMe offers Amazon Pay Checkout, Express Payout, and Buy with Prime.
TextPayMe has 2 investors. Key investors include Amazon, and Y Combinator.
TextPayMe operates through Amazon Payments, Inc..
Yes. TextPayMe was acquired by Amazon in October 2006.