Messagepay
“Can SMS-native loan payment collection become the default communication and payment layer between credit unions and their borrowers?”
Founded2017
HQAlpine, Utah, United States
IndustryVertical SaaS / Financial Institutions
The story
MessagePay was founded in 2017 as a Spera, Inc. product focused on enabling financial institutions — primarily credit unions and industrial banks — to collect loan payments via SMS text message, without requiring app downloads or customer portal logins. The product is positioned as a self-serve, text-to-pay solution that reduces inbound support load. A key milestone was integrating with Fiserv to extend SMS payment capabilities into Fiserv's credit union ecosystem, anchoring MessagePay's go-to-market around processor and core banking partnerships.
Product timeline
2017
Founded as MessagePay (a Spera, Inc. product) to enable SMS-based loan payment collection for credit unions and financial institutions.· pivot
2024
Integrated with Fiserv to enable credit union SMS payment processing via Fiserv's platform.· banking
The stack
Accounting gap: none