Text2Pay
Text2Pay is a New York-based private fintech founded in 2011 that builds online payment systems enabling consumers to pay for goods via their mobile phones, operating with 11-50 employees under CEO Mark Reiken.
- Company typePrivate
- Founded2011
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2C
- OfferingSoftware
What Text2Pay does
Text2Pay is a private, for-profit company founded in 2011 and headquartered in New York, United States. According to its firmographic description, it offers online payment systems that enable consumers to pay for goods using their mobile phones — placing it in the mobile/carrier-billing segment of digital payments that historically allowed unbanked or underbanked consumers to charge purchases to their mobile phone bills.
No further information about the company's products, underlying technology architecture, integrations, pricing, customers, partnerships, funding, or current operating status is available in the supplied source material. The corporate website (text2pay.com) currently resolves only to a browser verification page with no substantive product, marketing, or technical content, which is a meaningful negative diligence signal. The company is reported to have between 11 and 50 employees and is led by Mark Reiken as Chief Executive Officer, but no management team bios, board composition, or investor information is disclosed.
Given the absence of disclosed revenue, funding history, customer logos, partnership announcements, or recent product launches, the business model mechanics (per-transaction take rate vs. SaaS licensing vs. carrier revenue share) cannot be determined from the available data. The lack of first-party product information means that neither the technical stack, API surface, SDK languages, nor competitive positioning versus modern mobile wallets (Apple Pay, Google Pay) or carrier billing aggregators (Boku, Fortumo) can be assessed.
Text2Pay firmographics
Firmographics- Name
- Text2Pay
- Website
- https://text2pay.com
- Company type
- Private
- Founded year
- 2011
- Headcount range
- 11–50 employees
- Short description
- Text2Pay is a New York-based private fintech founded in 2011 that builds online payment systems enabling consumers to pay for goods via their mobile phones, operating with 11-50 employees under CEO Mark Reiken.
- Ownership category
- akta.pro rank
Text2Pay industry classification
Industry- Product category
- Mobile Payments
- NAICS
- Sales Financing (52222)
- SIC
- Personal Credit Institutions (6141)
- akta.pro primary industry
- Carrier Billing & Telco Mobile Money (FSAMAEAD)
- akta.pro secondary industries
- Request-to-Pay (R2P) & Pay Links (FSAMAFAE), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)
Keywords
Where Text2Pay is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Text2Pay business model
Business model- GTM type
- B2C
- Offering type
- Software
- Cost components
- Technology or R&D, Operations, Personnel
Text2Pay product offering
Product offeringCore offering
Text2Pay offers online payment systems that enable consumers to pay for goods by using their mobile phones. The company operates as a payment-technology provider focused on mobile-initiated consumer purchases. No further product, pricing, or technical detail is evidenced in the scraped source material.
Product overview
No product or service information available from the provided source data. The source content consists only of a browser checking page redirect from http://text2pay.com/ with no substantive content about Text2Pay's offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Mobile phone online payment system An online payment system that enables consumers to pay for goods using their mobile phones, offered by Text2Pay.
Companies that use Text2Pay
Customer profileIdeal customer profiles1 record
Text2Pay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Text2Pay partnerships and signals
Strategic signalRecent moves2 records
Text2Pay competitors and assessment
Company assessmentDirect peers
- Docomo Digital: Docomo Digital, a subsidiary of NTT Docomo, operates a global carrier billing and digital content monetization platform. It is a direct peer serving the same merchants and telco operator relationships as Text2Pay.
- Fortumo (Tencent): Fortumo, now owned by Tencent, provides carrier billing and mobile payment aggregation for digital merchants worldwide. It competes head-to-head with Text2Pay in the same SMS/direct-carrier-billing category.
- Boku: Boku is a leading global carrier-billing and mobile-payments platform that lets consumers charge digital purchases to their mobile phone bill. It is the closest direct competitor to Text2Pay in carrier-based mobile payments.
- Comviva: Comviva provides mobile financial services including carrier billing, mobile money, and digital payments for emerging markets. It overlaps directly with Text2Pay's mobile-payment and telco-billing proposition.
Emerging players
- PayNearMe: PayNearMe enables cash-to-digital payments through barcode and agent-assisted networks, serving consumers without traditional bank accounts. It is an adjacent payments player targeting the same unbanked/underbanked consumer segments as Text2Pay.
Regional players
- bKash: bKash is the dominant mobile financial services platform in Bangladesh, enabling millions of unbanked consumers to transact via mobile phones. Comparable to Text2Pay's mobile-phone-based payments model, though primarily serving South Asia.
Broad incumbents
- PayPal: PayPal is a broad incumbent in digital and mobile payments, offering online checkout, mobile wallets, and merchant services. It competes with Text2Pay for online merchant payment volume but at vastly greater scale and across more payment methods.
- Stripe: Stripe is a leading online payment processor powering digital commerce for millions of merchants. While focused on card and ACH rather than carrier billing, it competes with Text2Pay for the same online merchant payment relationships.
- Apple Pay: Apple Pay is a dominant mobile wallet operating on a global installed base of iPhones, competing directly with carrier billing for mobile checkout. It is a broad incumbent reshaping the addressable market for SMS-based mobile payments.
- Block (Square): Block (parent of Square and Cash App) provides mobile-first payments, merchant acquiring, and consumer wallets. It is a broad incumbent in the mobile-payments space overlapping with Text2Pay's merchant and consumer propositions.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks5 records
Key highlights4 records
Customer concentration
Text2Pay social profiles
Digital presenceText2Pay financial estimates
Financial estimateRevenue estimate
Valuation estimate
Text2Pay leadership team
Management profileNumber of profiles
Profiles1 record
Text2Pay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Text2Pay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Text2Pay
What does Text2Pay do?
Text2Pay offers online payment systems that enable consumers to pay for goods by using their mobile phones. The company operates as a payment-technology provider focused on mobile-initiated consumer purchases. No further product, pricing, or technical detail is evidenced in the scraped source material.
When was Text2Pay founded?
Text2Pay was founded in 2011. It employs 11 to 50 people.
Where is Text2Pay based?
Text2Pay is headquartered in New York, United States, in the North America region.
Who are Text2Pay's main competitors?
Direct peers on record are Docomo Digital, Fortumo (Tencent), Boku and Comviva. PayNearMe is listed as an emerging player. bKash is listed as a regional player. Broad incumbents are PayPal, Stripe, Apple Pay and Block (Square).
Does Text2Pay have an API?
No public API is recorded for Text2Pay.
What industry is Text2Pay in?
Text2Pay's product category is Mobile Payments. Its primary akta.pro industry code is FSAMAEAD, Carrier Billing & Telco Mobile Money, with a secondary code of FSAMAFAE, Request-to-Pay (R2P) & Pay Links. Its NAICS code is 52222 and its SIC code is 6141.