The round was 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 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.