On 28th of April, 2022, Pay2Day solutions, Inc. (Authiva) announced that it has secured USD 7 million in its Series A financing. This was led by Red Door Capital Partners (Red Door) which is an independent private equity fund. The capital is said to be used to advance the company’s growth as well as enhance its go-to-market activities by including Authvia’s technology of text to pay market. Pay2Day Solutions, Inc. (Authiva) is a California based company that has patented the text-to-pay solution (“TXT2PAY®”) technology. This technology is said to make digital payments and transactions easier for individuals and companies. The capital of USD 7 million which was closed by the company is already being used to advance Authiva’s partner channels and its general marketing and sale procedures.
The founder and CEO of Authiva has expressed that the goal of his company is to innovate and provide a compelling conversational commerce experience to its consumers. He is thrilled about closing the said capital and having the chance to work with Red Door. He has said that this funding will enable Authiva to expand its market reach as well as its team, which will eventually lead to growth in its marketing efforts and sales. He has also expressed gratitude to his team who is dedicated and passionate about making this technology successful and are invested in the growth of his company. The Managing Partner at Red Door, Richard Wolpow has stated that their company has seen the potential in Authiva and acknowledge the opportunity of significant growth that Authiva’s innovative technology holds.
Businesses are looking forward to making use of Authiva’s solutions in its day-to-day operations. They look forward to implementing the TXT2PAY technology through the means of modern APIs (application programming interface), Authiva’s salesforce or portal in order to better their modum of transaction. Connecting one’s messaging partners through this payment method will allow one to access over 200 certified payment processes, SMS and messaging service providers and gateways that are supported by Authiva’s network. Authiva has also ensured the security of its customers by making use of a multi-merchant wallet, multi processor technology that safely stores and encrypts important financial data such as credit, debt and ACH (automated clearing house) credentials. This ensures a safe transaction over a simple text message that can be made anytime and from anywhere.
About Authiva
Authiva is based in El Segundo, California and is a SaaS company which has developed innovative technology in the Conversational Commerce field. It has developed and patented text-to-pay technology and intends to grow. The software application, TXT2PAY® that Authiva makes use of aims to deliver a highly secure and fast mode of contactless payment, via the use of text messaging and other message-based communication channels. Authiva serves to connect businesses, consumers and payment processors in an easy and quick way. Through this technology they intend to make the process of cash payments easier and more secure and at the same time, streamline the payment process. You can learn more about Authiva here.
About Red Door Capital Partners, LLC
The Red Door team is an independent private equity funds group that comprises experienced entrepreneurial experts from private equity operations, wealth and investments management and other legal services. They have teamed up together to invest in, identify and manage private equity transactions. Red Door partners with entrepreneurs and founders who are looking for real capital partners. They assist them in forming collaborative relationships. Implement strategic oversight and governance as well as professionalize their operations and functionings. You can visit Red Door’s page here
