OneText raises $4.5M from Y Combinator, Khosla to reinvent shopping by text

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The typical online checkout experience has become bloated with friction. And while more companies are building solutions around online checkout, few are rethinking it from scratch. One such company is OneText, which is building what it calls a “text-to-buy network,” that lets shoppers complete purchases via text message.

The company, founded by former PayPal employees, just closed a $4.5 million seed round backed by Khosla Ventures, Coatue, Citi Ventures, Y Combinator, Good Friends (the fund created by the founders of Warby Parker, Allbirds,…



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OneText raises $4.5M from Y Combinator, Khosla to reinvent shopping by text


The typical online checkout experience has become bloated with friction. And while more companies are building solutions around online checkout, few are rethinking it from scratch. One such company is OneText, which is building what it calls a “text-to-buy network,” that lets shoppers complete purchases via text message.

The company, founded by former PayPal employees, just closed a $4.5 million seed round backed by Khosla Ventures, Coatue, Citi Ventures, Y Combinator, Good Friends (the fund created by the founders of Warby Parker, Allbirds,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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