Aplicación YC de TextPayMe

Summer 2005Acquired

TextPayMe pasó por Y Combinator en el batch Summer 2005 como una empresa de Fintech. Abajo: qué hace la empresa, quién la fundó y su aplicación a YC, reconstruida pregunta por pregunta en el formulario real de YC.

Batch YC: Summer 2005
Industria: FintechConsumer Finance
Tamaño del equipo: 11
Estado: Acquired
Lanzado: 2012

Fundadores

Phil YuenFounder/CEO

Lo que hace 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 with "pay amount phonenumber" in the body (i.e. to send $5 to, text "pay "). 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.

Aplicación YC de TextPayMe, reconstruida

Solicitud de Y Combinator

TextPayMe, batch Summer 2005. Las preguntas reales del formulario, respondidas con datos públicos.

Founders2
Company7
Progress7
Idea4
Equity3
Curious2
Batch Preference1

Company

Company name

TextPayMe

Describe what your company does in 50 characters or less.

Send money using text messages via SMS

What is your company going to make? Please describe your product and what it does or will do.

We built an SMS payment service that lets anyone with an SMS-capable phone in the US send and receive money simply by texting commands like "pay " to. Users fund transactions via linked bank accounts or credit cards. Every payment requires a PIN for security. The service is free while in beta and limits monthly transactions to $500.

Where do you live now, and where would the company be based after YC?

We live and work in Redmond, WA, and plan to base the company here after YC as well.

Explain your decision regarding location.

We are based in Redmond because we are local and close to financial and mobile infrastructure partners. Staying here lets us move quickly and coordinate easily as a small team.

21 respuestas más en la aplicación completa

están en la versión completa. Crea una cuenta gratuita para abrirla en YC Insights, junto a cada otro batch de YC.

Ver aplicación completa

Preguntas Frecuentes

¿Es esta la aplicación YC real de TextPayMe?

No. Y Combinator mantiene privadas las aplicaciones enviadas. Esta es una reconstrucción: las preguntas reales del formulario de YC, respondidas a partir de los datos públicos de TextPayMe (notas de lanzamiento, antecedentes de fundadores, descripción del producto). Muestra cómo una empresa como TextPayMe se presentaría a YC, no el texto que enviaron.

¿En qué batch de YC estuvo TextPayMe?

TextPayMe formó parte del batch Summer 2005 de Y Combinator.

¿Quién fundó TextPayMe?

TextPayMe fue fundado por Phil Yuen.

¿Cómo leo la aplicación completa reconstruida?

Crea una cuenta gratuita de Round Funded. La versión completa de 26 respuestas de la aplicación de TextPayMe, y de cada otro batch de YC, está en YC Insights.