Authvia raises $7 M in Series A funding led by Red Door Capital Partners

Pay2Day Solutions, Inc. also known as Authvia, based in El Segundo, CA, has raised $7 million in Series A funding to enable businesses to collect payments via text, chat, and instant messaging.

Red Door Capital Partners led the round. The cash will be used to expand the company’s partner networks as well as its overall sales and marketing initiatives.

“Our goal is to innovate and provide the most compelling conversational commerce experience in the market today, for merchants and consumers alike. We are thrilled to have closed this round of Series A funding led by Red Door as it has enabled us to expand our market reach and grow our team, quadrupling our sales and marketing efforts. We have also been able to exponentially grow our pipeline, allowing us to move forward with our mission as the leader in the next generation of payments and messaging technology,”

Chris Brunner, founder and CEO of Authvia

Authvia, led by CEO Chris Brunner, offers a patented text-to-pay solution (“TXT2PAY®”) that allows businesses to request and receive payments via text and other digital messaging channels, allowing them to speed up cash flow, reduce PCI risk, and protect data while providing a seamless mobile payment experience. TXT2PAY®, the company’s main software programme, provides a secure, contactless payment option via text messaging and other message-based communication channels like chat or What’s App.

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