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.
- Headquarter San Francisco, United States
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Amazon Payments, Inc.
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Products & Services of TextPayMe
TextPayMe offers a comprehensive portfolio of products and services, including Amazon Pay Checkout, Express Payout, and Buy with Prime. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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 Total Funding
- Total Rounds 1
- Last Round Seed — $125,000
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First Round
First Round
(01 Jun 2005)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2005 | Amount | Seed - TextPayMe | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Multi-category products are offered through an online marketplace.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by TextPayMe
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - TextPayMe
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Textpayme Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Money-earning features are offered via a digital application.
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| domain | founded_year | HQ Location |
Mobile wallet app is utilized for restaurant payments and discoveries.
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| domain | founded_year | HQ Location |
Provides a chatbot-enabled platform for mentor payments and consultations.
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| domain | founded_year | HQ Location |
Provides API, apps, and digital payment services for business transactions.
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| domain | founded_year | HQ Location |
Conversational payment platform for individuals
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about TextPayMe
When was TextPayMe founded?
TextPayMe was founded in 2005.
Where is TextPayMe located?
TextPayMe is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is TextPayMe a funded company?
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 01, 2005.
What does TextPayMe do?
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.
Who are the top competitors of TextPayMe?
TextPayMe's top competitors include Quikwallet, BlytzPay and Vama.
What products or services does TextPayMe offer?
TextPayMe offers Amazon Pay Checkout, Express Payout, and Buy with Prime.
Who are TextPayMe's investors?
TextPayMe has 2 investors. Key investors include Amazon, and Y Combinator.
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