Application YC di TextPayMe

Summer 2005Acquired

TextPayMe ha partecipato a Y Combinator nel batch Summer 2005 come azienda Fintech. Sotto: cosa fa l'azienda, chi l'ha fondata e la sua application a YC, ricostruita domanda per domanda nel form reale di YC.

Batch YC: Summer 2005
Settore: FintechConsumer Finance
Dimensione team: 11
Stato: Acquired
Lanciata: 2012

Founder

Phil YuenFounder/CEO

Cosa fa 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.

Application YC di TextPayMe, ricostruita

Domanda per Y Combinator

TextPayMe, batch Summer 2005. Le vere domande del form, risposte da dati pubblici.

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 risposte in più nell'application completa

Founders, Progress, Idea, Equity, Curious, Batch Preference sono nella versione completa. Crea un account gratuito per aprirla in YC Insights, accanto a ogni altro batch YC.

Vedi domanda completa

Domande Frequenti

Questa è l'application YC reale di TextPayMe?

No. Y Combinator mantiene private le application inviate. Questa è una ricostruzione: le domande del form YC reale, a cui si è risposto usando i dati pubblici di TextPayMe (note di lancio, background dei founder, descrizione del prodotto). Mostra come un'azienda come TextPayMe si presenterebbe a YC, non il testo che hanno inviato.

A quale batch YC apparteneva TextPayMe?

TextPayMe apparteneva al batch Summer 2005 di Y Combinator.

Chi ha fondato TextPayMe?

TextPayMe è stato fondato da Phil Yuen.

Come leggo la ricostruzione completa della application?

Crea un account Round Funded gratuito. La versione completa di 26 risposte della application di TextPayMe, e di ogni altro batch YC, è in YC Insights.