Acquired by on October 1, 2006
Total Equity Funding
Undisclosed Amount in 1 Round from 1 Investor
Redmond, Washington
TextPayMe is an SMS payment service that allows users to send money to others using text messages.
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Company Details


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 [email protected] 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.

Funding Rounds (1) - undisclosed

DateAmount / RoundValuationLead InvestorInvestors
Dec, 2005undisclosed amount / Seed1

Investors (1)


Current Team (3)


Products (1)

  • TextPayMe is an SMS payment service that allows users to send money to others using text messages.

Competitors (5)

  • KushCash is a payment system that allows users to make cash transactions from anywhere via mobile devices.
  • mBlox offers mobile marketing and engagement solutions that help brands reach customers via SMS campaigns and push notifications.
  • Mpayy is a multichannel payment processor for individuals, small businesses, charities, political parties, e-commerce retailers.
  • Obopay is a mobile application that allows consumers and businesses to purchase, pay, and transfer money through any mobile phone.
  • PayPal provides online payment solutions to its users worldwide.

Offices/Locations (1)

  • Office

    Redmond, Washington

    United States

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