AUSTIN, TX, Everyware has completed a series A round of financing led by TTV Capital.
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Everyware, a company redefining payment processing and customer engagement via two-way text communication, announced that it has completed a series A round of financing that will be used to fuel growth in current and expanded verticals. The investment was led by TTV Capital with additional participation from Kinetic Ventures, RZC Investments, Capital Factory, Naples Tech Ventures, and individual contributions from Campbell B. Lanier, III, Ray Pawlikowski, Jason Dorsey, Mike Abbaei, and Bill Scott. This is Everyware's next chapter of funding to continue the growth anticipated for a startup company that is part of the prestigious Capital Factory accelerator program.
TTV Capital invests in fintech companies with sustainable business models and innovative products that serve the widely varying needs of the financial services sector and the consumers of financial products. Their team of experienced technology and financial services professionals has more than 100 years of venture capital and highly relevant industry operating expertise acquired across three decades and multiple economic cycles.
Everyware has seen exponential year-over-year growth in new customers and revenue, landing them in the 959th spot on the 2019 Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The new infusion of funds will be used primarily to fuel sales and marketing and ensure that the company is capitalizing on their momentum and growth opportunities, including expansion into the health care, pharmacy, utilities and hospitality verticals.
"We have a long history of backing fintech businesses that are well-positioned to capitalize on current market dynamics," said Tom Smith, TTV Capital Co-founder. "Everyware's pay-by-text solution is well-aligned with the market's growing demand for convenient, frictionless payment solutions, and their team has the passion and experience to make it a success."
Everyware is solving problems for the payment industry by combining text communication with payments and has already collected more than $100M for companies. They offer a full array of payment capture capabilities, including a faster and more convenient way for merchants to collect payments utilizing its Pay-By-Text solution. For consumers, this means being able to securely make a payment on their phone without talking to anyone, while also allowing them to text back any questions to help drive the adoption and payment completion.
"Businesses are just scratching the surface with how they can utilize mobile devices to communicate, support and transact with their customers. There are endless use cases in every vertical, and we're ready and able to help all of them," said Larry Talley, Everyware CEO and Founder. "Having the support of TTV and our other investors, including some of the most respected individuals in the fintech space, gives us a strategic advantage and heightened ability to fulfill on our vision."
Everyware is a conversational payment gateway that sends automated text receipts after every purchase to authorize and validate payments to prevent fraud. Sending a simple text receipt after every purchase will create a tether between you and the customer allowing them to text back when it's convenient for them. Opening this two-way communication with customers will help mitigate risk, improve customer service, and increase revenue. From merchant processing to sending simple text receipts, making text communication a part of the purchase process will improve the customer journey.
Everyware will be exhibiting at Money20/20 in Vegas Oct 28th-Oct 30th. Register today and come visit us at booth K8!
For more information on how Everyware can change the way businesses communicate with customers visit our Linkedin
About TTV Capital
TTV invests in fintech businesses that serve the widely varying needs of the financial services sector and the consumers of financial products. Our team of experienced technology and financial services professionals has more than 100 years of venture capital and highly relevant industry operating expertise acquired across three decades and multiple economic cycles. We create value for entrepreneurs and investors by using our knowledge, experience and relationships to help businesses grow and succeed.