28 Apr Conversational Commerce Leader Authvia Closes its $7 Million Series A Financing

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.

EL SEGUNDO, Calif. – Pay2Day Solutions, Inc. – Authvia announced today that it has closed a $7 million Series A financing 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. Authvia’s patented text-to-pay solution (“TXT2PAY®”) enables businesses to request and receive payments via text and other digital messaging channels; accelerating cash flow, eliminating PCI risk, and safeguarding data, while providing a seamless mobile payment experience.

Authvia announced today that it has closed a $7 million Series A financing 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. Authvia’s patented text-to-pay solution (“TXT2PAY®”) enables businesses to request and receive payments via text and other digital messaging channels; accelerating cash flow, eliminating PCI risk, and safeguarding data, while providing a seamless mobile payment experience.

“Technology is rapidly changing how we conduct business daily, and in Authvia’s patented text-to-pay solutions, we saw an opportunity to be a proactive part of that change while supporting the drastically increased demand for this type of technology,” Wolpow added. “We are very excited about the significant growth and development opportunities this funding will not only provide to Authvia, but how it will fundamentally shape the way payments-at-large are transacted for the foreseeable future.”

“Our team is both passionate and dedicated to executing on our mission, and I am thankful to be surrounded by such a talented group of people that show up every day with a ‘future is now’ mindset. With an incredible team at the helm, patented technology, and surging market demand, I believe we are well positioned for explosive growth,” Brunner concluded.

About Authvia

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. For more visit authvia.com.

About Red Door Capital Partners, LLC

The Red Door team is a group of seasoned entrepreneurial experts from private equity operations, Investments & wealth management, and legal services, that have joined together to identify, invest in, and manage private equity transactions. Red Door invests side-by-side along with its network of High-Net-Worth Investors, Family Offices and Registered Investment Advisors (RIA’s). Red Door partners with founders and entrepreneurs that seek real capital partners to create collaborative relationships, deploy strategic oversight, implement governance, and professionalize operations – all to ensure our family of investors are protected and are prepared for a successful exit transaction. In some instances, Red Door along with its Investor Network, pre-positions itself by providing a bridge loan or other investment structure to an investment target. This provides Red Door with discounted valuations, exclusivity for future funding, allowing the company to continue performing on its goals prior to a permanent financing, reducing investors risk and shorten investment time horizons. For more information on Red Door visit www.reddoorcp.com