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TextPayMe

Y CombinatorSummer 2005AcquiredFintechConsumer Finance

What they do

Problem

People need a simple way to send money to others when they only have a mobile phone and texting available.

Solution

TextPayMe provides an SMS-based payments service that lets users transfer money by sending a formatted text message to a designated address.

Who it's for

Consumers in the US with SMS-capable cell phones who want to send or receive peer-to-peer payments.

Founders

Phil Yuen
Founder/CEO

Phil is part of the YC 06 batch, TextPayMe founder, a mobile payment system which was eventually acquired by Amazon and became Amazon Payments. Now working on an anti COVID-19 Air Filtration device.

LinkedIn

Company timeline

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