📝 OneText raises $4.5M

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OneText, a startup founded by former PayPal employees, has raised a $4.5 million seed round from Khosla Ventures, Coatue, Citi Ventures, Y Combinator, and other investors to reinvent online checkout through SMS. Rather than replacing existing payment flows, OneText enables shoppers to buy via text, utilizing AI-powered two-way conversations and opt-out automation to drive conversions 20–30% higher. With a secure, cross-brand “wallet” linked to a shopper’s phone number, the startup aims to build a frictionless, SMS-native payment network—essentially turning your number into a universal “charge-it-to-the-room” checkout.

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