Candidature YC de TextPayMe

Summer 2005Acquired

TextPayMe a été sélectionné par Y Combinator dans le cadre du batch Summer 2005 en tant qu'entreprise Fintech. Ci-dessous : ce que fait l'entreprise, qui l'a fondée, et sa candidature à YC, reconstruite question par question dans le vrai formulaire YC.

Batch YC: Summer 2005
Secteur d'activité: FintechConsumer Finance
Taille de l'équipe: 11
Statut: Acquired
Lancé: 2012

Fondateurs

Phil YuenFounder/CEO

Ce que fait 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.

Candidature YC de TextPayMe, reconstruite

Candidature Y Combinator

TextPayMe, promotion Summer 2005. Les vraies questions de candidature, répondues à partir de données publiques.

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 réponses supplémentaires dans la candidature complète

se trouvent dans la version complète. Créez un compte gratuit pour l'ouvrir dans YC Insights, à côté de tous les autres batches YC.

Voir la candidature complète

Questions fréquemment posées

Est-ce la vraie candidature YC de TextPayMe ?

Non. Y Combinator garde les candidatures soumises privées. Ceci est une reconstruction : les vraies questions du formulaire YC, répondues à partir des données publiques de TextPayMe (notes de lancement, parcours des fondateurs, description du produit). Cela montre comment une entreprise comme TextPayMe se présenterait à YC, pas le texte qu'ils ont soumis.

À quel batch YC TextPayMe appartenait-il ?

TextPayMe faisait partie du batch Summer 2005 de Y Combinator.

Qui a fondé TextPayMe ?

TextPayMe a été fondé par Phil Yuen.

Comment lire la candidature complète reconstruite ?

Créez un compte Round Funded gratuit. La version complète de la candidature de TextPayMe en 26 réponses, et de chaque autre promotion YC, se trouve dans YC Insights.