Pay2Day Solutions, Inc. (Authvia), a Los Angeles-based SaaS company at the forefront of mobilizing commerce with patented text-to-pay technology, announced that it closed $7 million Series A financing.
The round was led by Red Door Capital Partners (Red Door), an independent private equity firm. This financing is already being used to accelerate Authvia’s partner channels and overall sales and marketing efforts.
Capital will be used to accelerate the company’s growth and go-to-market activities while also adding to Authvia’s technology lead in the text to pay market.
Company: AuthVia Solutions, Inc.
Raised: $7.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Red Door Capital Partners
Additional Investors:
Company Website: https://www.authvia.com/
Software Category: Conversational Commerce
About the Company: Authvia is an innovative, Los Angeles-based SaaS company at the forefront of Conversational Commerce with patented text-to-pay technology. That technology includes the flagship software application TXT2PAY®, which delivers a highly secure, fast, and contactless payment option via text messaging and other message-based communication channels, such as chat or What’s App. Authvia connects a business, consumer, and payment processor quickly and easily, expediting cash flow and streamlining payment processes.
Source: https://www.authvia.com/newsroom/conversational-commerce-leader-authvia-closes-its-7-million-series-a-financing
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